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 ...

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 ...

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

Trump proposes tax deductions on auto loan interest for U.S.-made cars, but analysts question if savings will offset ...

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 ...

Eliminating or limiting the tax exemption on municipal bond interest. This potential change is raising alarm in the $4 trillion municipal bond market, long considered a cornerstone of U.S. public ...

The new administration and Congress are working towards an extension of the 2017 Tax Cuts and Jobs Act (TCJA), the bulk of ...

President Trump’s proposal for car loan interest tax deductions on US-made vehicles sounds ideal, but some experts say the idea is flawed.

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