Interest paid on a home equity loan may be tax deductible if you use the funds for specific purposes. Find out whether you ...

Making the Tax Cuts and Jobs Act permanent would be a good start for Congress in 2025. But it’s time to take an even bigger ...

H&R Block, famous for its in-office services, has been in the online personal tax preparation game for decades. We tested a ...

Before filing an itemized return to claim the home equity loan interest tax deduction, make sure you have these documents handy: IRS Form 1098: This form details the mortgage interest you’ve ...

Palantir Technologies was the best-performing member of the S&P 500 (SNPINDEX: ^GSPC) in 2024. Its share price surged 340% ...

Itemized deductions include mortgage interest, charitable deductions, state and local taxes, and medical expenses over 7.5% of AGI, and require a separate form (Schedule A). Subtracting your ...

Bob Powell: The Tax Cuts and Jobs Act of 2017 was a significant overhaul of the US tax code affecting both individuals and businesses, and it's set to expire at the end of 2025. Here to talk with us ...

Homeowners can deduct the interest paid on a HELOC from their federal income taxes as long as they use the funds for home ...

Houstonians in the mood to give this holiday season have several organizations to choose from that accept clothing, furniture ...

If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this ...

You will enter your itemized deductions on Schedule A with Form 1040 on your federal tax returns. But some taxpayers aren’t allowed to use the standard deduction. Taxpayers who must itemize ...

In addition to charitable giving, common itemized deductions include mortgage ... you need to complete Section A on tax form 8283 (Noncash Charitable Contributions). If the deduction exceeds ...