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

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, ...

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

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.

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

Owning a home comes with lots of expenses, including mortgage payments, maintenance, homeowners insurance and property taxes. Fortunately, some of these costs are tax deductible. You'll need to ...

This tax season, my household is claiming the mortgage tax deduction.Last year, we paid a lot in mortgage interest -- more than we ever have as homeowners. However, the hefty amount we paid can ...

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

In order to take advantage of the mortgage interest tax break, we have to itemize and file Schedule A of Form 1040 to prove we have tax deductions amounting to over $29,200, which is the standard ...

You can deduct the interest you paid on the first $750,000 of your mortgage. For married couples filing separately, the limit is $375,000, If you took out your mortgage between Oct. 13, 1987, and ...

How to Claim the Mortgage Interest Tax Deduction on Your 2024 Tax Return If you want to claim the mortgage interest tax deduction on your 2024 taxes, follow these steps. Decide Whether to Itemize ...

You can deduct home mortgage interest on the first $750,000—or $375,000 if married filing separately ... He adds that this is the primary form used to file your annual income tax return, ...