So, for instance, if you have $1,000 in mortgage interest and your tax rate is 24%, your tax shield will be $240. You can deduct up to $750,000 of home mortgage interest in 2024. In 2025, this ...

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, ...

The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan ...

Anyone in the market for a car will soon be able to write off fees for their purchase as a tax exemption. The Senate ...

In most cases, personal loan interest is not tax deductible. This is because you can't deduct personal expenses on your income taxes, Babener says.

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria.