Recent changes have reshaped how this tax deduction works. So, we asked tax and financial experts to answer common questions about claiming and making the most of it. Here's what ...

Home equity loans come with appealing tax benefits. But do they apply when using the funds to buy a second home?

Under the law, current homeowners can continue to deduct interest on a total of $1 million of mortgage debt for a first and ...

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 ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).

For most Americans, purchasing a home is the largest financial investment they will make. While homeownership has its costs ...

Homeowners can deduct costs like mortgage interest and personal property taxes up to a certain limit in order to reduce their ...

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