This tax season, my household is claiming the mortgage tax deduction. So we're doing that dreaded thing everyone whispers about: itemization. Like most taxpayers, our household usually takes the ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NewsNation) — When the Tax Cuts and Jobs ...

At a time when millions of would-be homebuyers are locked out of the market, a select group of homeowners is claiming a huge tax break—for second homes. Known as the mortgage interest deduction, this ...

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 ...

“It’s not the way to go about it,” Ellis said. Ellis argues that the fiscal panel’s overall proposal actually raises net taxes by nearly $1 trillion over 10 years. Although the National Commission on ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable income and reduce what you owe.

(NewsNation) — When the Tax Cuts and Jobs Act, which President Donald Trump signed in 2017, expires at the end of the year, current caps on mortgage interest deductions would end as well. Trump has ...