This tax season, my household is claiming the mortgage tax deduction. Last year, we paid a lot in mortgage interest -- more ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...

President Donald Trump wants to make interest payments on car loans tax-deductible if the car is made in America. Does your ...

Owning a home comes with costs, but it also provides tax benefits that can lower your taxable income. For those filing taxes in 2025, deductions like mortgage interest and home office expenses ...

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

Missing advance tax deadlines can lead to unnecessary interest charges. A simple declaration to your employer can help ...

Tax-saving FDs provide tax deductions under Section 80C with a five-year lock-in period. These deposits offer stable returns ...