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.

Poperty tax bills have climbed as home prices surged across the country—but some homeowners in Montana could soon be one step ...

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 ...

These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...

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

Don’t leave money on the table when you prepare your 2024 income taxes. We’re here to help you claim all the expenses you can ...

Longtime homeowners would be exempt from paying property taxes when they reach that benchmark under a bill introduced in ...