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 ...

There are some tax advantages that come with homeownership. Here's what to know and when you might want to consult a pro.

New research led by the Johns Hopkins Carey Business School suggests one possible way to help ease the housing affordability ...

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

President Donald Trump announced Friday a new policy instituting auto loan interest deductions for American-made cars. “If ...

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

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

Donald Trump announced tariffs on auto imports but also raised the possibility of a new deduction for interest on car loans.

One of the signature pieces of legislation from Donald Trump's first term was the 2017 Tax Cuts and Jobs Act, which ...

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

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 ...