Reducing spending is very difficult and almost impossible because entitlements — Social Security, Medicare, and Medicaid — ...

It’s the end of the financial year on Monday, so it’s now-or-never if you want to boost this year’s tax refund.

Limits on Tax Deductions . Keep in mind that there are limitations on some deductions. For example, current federal tax law limits the mortgage interest deduction to a maximum of $750,000 of ...

A new House bill dubbed "The One, Big, Beautiful Bill" aims to extend Trump-era tax cuts at a cost of $4.2 trillion.

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

The property tax deduction is great for homeowners. Here's how it works in 2024 and 2025 and what you can do to save money. ... » MORE: How the mortgage interest deduction works.

As tax season approaches, property investors are being urged to plan early and strategically to optimise their returns and ...

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT ...

If you took out a home equity loan between 2017 and 2025, you can deduct the interest if you used the loan funds to buy, build, or substantially improve the property.

The way to achieve a decreased tax burden is by reducing your taxable income. The IRS offers various tax credits and ...

When rates are elevated, home prices high and the market tight, renting can sound like a better option than buying. But those ...