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

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).

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, ...

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.

Auto loan interest is more aptly comparable to mortgage interest, ... phase-outs starting at $200,000 for a joint return. ... would be even more valuable than the mortgage interest deduction.

With various factors that could affect the timeline of your refund, wait at least eight weeks before you panic. Your best bet ...

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 ...

Proper financial planning when buying a home can save buyers money, but comparison shopping will also help them understand ...

Trump is still saying Social Security benefits won’t be taxed. The reality is that the tax break under discussion is a ...

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.