Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

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

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the expense of purchasing a home and not a cost related to the use of the home.

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 ...

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

Owning a home comes with costs, but it also provides tax benefits that can lower your taxable income. For those filing taxes in 2025, deductions like mortgage interest and home office expenses have ...

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

For those filing taxes in 2025, deductions like mortgage interest and home office expenses have become more relevant with the rise of remote work. Some tax benefits have been long established ...

Cash App Taxes functions just like any other tax filing software but lets you file federal and state taxes for free.