The Australian Taxation Office's (ATO) crackdown on debt and interest deductions kicks off with the new financial year. Under ...

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

The Australian Taxation Office's (ATO) crackdown on debt and interest deductions kicks off with the new financial year. Under the The Treasury Laws Amendment Act 2025, effective Tuesday, 1 July, ...

For example, current federal tax law limits the mortgage interest deduction to a maximum of $750,000 of secured mortgage debt (or $1 million if you bought the home prior to Dec. 16, 2017).

It’s the end of the financial year on Monday, so it’s now-or-never if you want to boost this year’s tax refund.

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

“Cost of living is front of mind for many taxpayers and it is tempting to increase tax deductions to generate a refund but ...

A much followed tax break improvement is inching toward becoming a reality. A proposed tweak to the state and local tax (SALT ...

If you plan to claim a property tax deduction, you'll need to file Schedule A with your annual tax return. ... » MORE: How the mortgage interest deduction works. Best Overall Tax Software. AD. 5.0.

The Australian Taxation Office (ATO) has revealed how Australians have claimed $3,518 worth of tax deductions on their ...

Vacation homes come with both rewards and risks. Before buying one, it’s crucial to crunch the numbers carefully.