Aly J. Yale is a contributor at Buy Side and an expert on real estate, mortgages, investing and home renovations. Paying interest on debt is never fun—especially at today’s inflated rates. But with ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

It might be challenging to think of the Internal Revenue Service as offering taxpayers choices. After all, income taxes aren’t optional. However, the IRS empowers you with one clear choice every time ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

Each year when it’s time to file your federal income tax return, you must make an important decision: Claim the standard deduction or itemize. You can’t do both—you have to pick just one. Fortunately, ...

Tax season is officially here, and millions of Americans are now preparing to file their taxes for the income they earned in 2024. If you own a home, the mortgage interest deduction could reduce your ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

The sales tax deduction lets you deduct the state and local sales taxes you’ve paid throughout the year, but only if you itemize your deductions. If you live in a state with no income tax or have made ...

If you take a loan to buy investment assets, any interest that you pay on that loan is called an "investment interest expense." Under some circumstances, the IRS allows you to deduct investment ...

The Income Tax Department is alerting taxpayers about potential errors in their tax deduction claims. Through a NUDGE ...

The IRS may let you deduct interest paid on your mortgage on your federal income tax return. To claim this deduction, you need to itemize — you cannot take the standard deduction. Deductions are ...