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 ...

President Donald Trump and the Republicans in Congress are correct that the national debt has reached catastrophic ...

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.

This deduction is only available for O-3 and below. Retired pay: A $20,000 exemption in the 2023 tax year; $30,000 in 2024, with the age requirement expiring in this tax year; and $40,000 in 2025 ...