Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is tax deductible in 2025. The short answer is yes, but whether or not ...

"Now it is becoming much more likely to have an impact on tax returns with interest making up a larger portion of every mortgage payment, especially in the early years after purchasing a home." ...

In most cases, personal loan interest ... wanted a $2,000 tax deduction that you didn't actually qualify for," says Paul Miller, a CPA and managing partner at Miller & Co. in New York.

As the current tax season continues and early filers look for their refunds, Ohio's Department of Taxation outlined new ...

The mortgage interest tax deduction allows taxpayers to deduct from their taxable income the amount of interest they paid for the year on up to $750,000 of their home loan debt. To use this ...