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 ...

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the ...

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 ...

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 ...

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

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 ...