This tax season, my household is claiming the mortgage tax deduction. So we're doing that dreaded thing everyone whispers ...

The interest you pay on your mortgage could help you lower your taxes. With the mortgage interest deduction (MID), you can write off a portion of the interest on your home loan, lowering your ...

This tax season, my household is claiming the mortgage tax deduction. Last year, we paid a lot in mortgage interest -- more than we ever have as homeowners. However, the hefty amount we paid can ...

Owning a home comes with lots of expenses, including mortgage payments, maintenance, homeowners insurance and property taxes. Fortunately, some of these costs are tax deductible. You'll need to ...

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

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

This tax season, my household is claiming the mortgage tax deduction. So we're doing that dreaded thing everyone whispers about: itemization. Like most taxpayers, our household usually takes the ...