Learn who qualifies for home office tax deductions, how to calculate them, and other business write-offs like car mileage and supplies.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

Can you claim the home office tax deduction this year?

Buying mortgage points can help you save on interest over the life of your loan, but Internal Revenue Service rules are strict about when and how you can deduct them. Understanding property type, loan ...

This type of insurance includes liability coverage, which can shield you if you're found at fault for damages to someone else. It also pays to repair or replace your property's structure if it's ...

Mortgage closing costs can be expensive, but these five in particular could be tax-deductible. As a firsttime homebuyer, you may be surprised by how expensive real estate can be. In addition to ...

A point is prepaid interest; so buying points is paying part of your mortgage interest upfront instead of over the life of ...

For members of the National Guard or military reservists, you can deduct partial travel expenses for attending meetings or drills more than 100 miles from home, even if you don’t itemize. You can ...

There is plenty to consider when preparing your tax return. Here's some of the common tax breaks that might benefit you.

Wondering how much tax relief you can claim? Learn how IRS credits, deductions, payment plans and settlements affect the ...