KEY TAKEAWAYS The Federal Reserve kept interest rates higher than usual in 2024, making savings accounts more profitable and, ...

From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.

Under the Tax Cuts and Jobs Act, itemizing homeowners homeowners can deduct mortgage interest on up to $750,000 worth of ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is tax deductible in 2025. The short answer is yes, but whether or not ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

It's still possible that if you own a home, your mortgage interest alone might exceed the standard deduction, says Steve ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

To cut down on costs, you may wonder: Is personal loan interest tax deductible? The answer depends on how you spend the funds. Here’s what you need to know about deducting personal loan interest ...

The best-known tax break is most likely the mortgage interest deduction. It may also be the least understood. There are two keys: You must file an itemized tax return. There are annual loan amount ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...