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What are itemized deductions? Full guide to maximizing your tax break

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...
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Can You Deduct Mortgage Interest on a Second Home?

Under the One Big Beautiful Bill Act of 2025, the mortgage interest deduction limits established by the Tax Cuts and Jobs Act were made permanent. For loans taken out after December 15, 2017, ...