Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

Principal and interest are the two biggest factors that make up a mortgage payment. Principal refers to the actual sum of ...

However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks, we can take more than the standard deduction and lower our tax bill even more.

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

Annual spending on mortgage and rent costs rose by almost 8% year-on-year as households' cheap fixed rates expire.

Stamp duty is a tax that sometimes has to be paid when you buy a property. Whether you need to pay stamp duty depends on the price of the property you’re buying and if you’re a first-time buyer ...

Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for ...

Stretching your budget to buy a home you fall in love with is another first-time homebuyer mistake to avoid. With high home ...

Lawmakers from Pennsylvania to Indiana and beyond are all seeking to eliminate property taxes, which some call the government's way of charging rent.

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...

Hillsdale’s high property taxes combined with high-interest mortgage rates are impeding Hillsdale’s housing market and new ...