When you sell a home, you'll need to pay taxes on the amount of money you earned on the sale as capital gains. However, if you live in the home for two of the previous five years before selling, you ...

“One of the benefits of the mortgage interest you pay on your house is it can reduce your taxable income if you itemize ...

Itemizing your taxes is great when you are a homeowner. As you file taxes for the 2024 tax year, there are some deductions ...

(NewsNation) — When the Tax Cuts and Jobs Act, which President Donald Trump signed in 2017, expires at the end of the year, current caps on mortgage interest deductions would end as well.

When you file your tax return, you can deduct a certain amount right ... too—and combined with mortgage interest and other deductions, could push you over the top into itemizing territory. Not sure ...

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 ...

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out if you qualify for these tax breaks.

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

For most Americans, purchasing a home is the largest financial investment they will make. While homeownership has its costs ...

you can only declare the interest you paid on a qualified student loan in the tax year you are filing your return. Since you can present this deduction as an adjustment to your income, you do not ...

While tax credits directly reduce your tax bill, tax deductions for costly items like mortgage interest can really move the needle on your tax refund. All those expenses come with a silver lining ...