When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

Interest paid on outstanding student loan debt, mortgage and home equity loan debt, business expenses, and interest on money ...

Whereas a credit will impact the amount you might owe in taxes, a deduction works by decreasing the amount of your income that is available to be taxed. Some popular examples include things like ...

President Donald Trump announced Friday a new policy instituting auto loan interest deductions for American-made cars. “If you buy a car in the United States that’s made in the United States ...

Policymakers in Washington are being called on to scrap the universal federal tax deduction for mortgage interest, and instead to target the write-off solely to first-time home buyers. The proposal is ...

Former auto dealer and current U.S. Sen. Bernie Moreno, R-Ohio, has introduced a bill allowing tax deductions for the interest paid on loans for American-made vehicles. Moreno’s introduction of S.

President Trump has announced his administration’s efforts to create a new tax deduction for auto loan interest payments made on US-made vehicles to boost domestic manufacturing and counter ...

Mortgage interest deduction is a huge tax break Mortgage ... railings and lifts, for example -- related to medical conditions can be included in your tax deductions for medical expenses.