The Australian Taxation Office's (ATO) crackdown on debt and interest deductions kicks off with the new financial year. Under ...

The Australian Taxation Office's (ATO) crackdown on debt and interest deductions kicks off with the new financial year. Under the The Treasury Laws Amendment Act 2025, effective Tuesday, 1 July, ...

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

For example, current federal tax law limits the mortgage interest deduction to a maximum of $750,000 of secured mortgage debt (or $1 million if you bought the home prior to Dec. 16, 2017).

It’s the end of the financial year on Monday, so it’s now-or-never if you want to boost this year’s tax refund.

With various factors that could affect the timeline of your refund, wait at least eight weeks before you panic. Your best bet ...

Auto loan interest is more aptly comparable to mortgage interest, ... phase-outs starting at $200,000 for a joint return. ... would be even more valuable than the mortgage interest deduction.

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

Proper financial planning when buying a home can save buyers money, but comparison shopping will also help them understand ...

If you plan to claim a property tax deduction, you'll need to file Schedule A with your annual tax return. ... » MORE: How the mortgage interest deduction works. Best Overall Tax Software. AD. 5.0.

With tax breaks gone, prepaying your home loan could save you more than you think. Home loans follow a front-loaded ...