Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt ...

If you're a remote worker filing your taxes, however, you might not be eligible to claim the home office deduction. The home ...

The standard deduction for tax year 2024 is $14,600 if you're single or married ... exceeding 7.5% of your gross income State ...

The interest you pay on your mortgage could help you lower your taxes. With the mortgage interest deduction (MID), you can write off a portion of the interest on your home loan, lowering your ...

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

President Donald Trump announced a new policy instituting auto loan interest deductions for American-made cars.