Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

The interest you pay on your mortgage could help you lower your taxes. With the mortgage interest deduction (MID), you can write off a portion of the interest on your home loan, lowering your ...

This rule lets homeowners deduct the interest they pay on their home loans, lowering their tax liability and reducing the ...

However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks, we can take more than the standard deduction and lower our tax bill even more.

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.

Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the ...

Reverse mortgages can be beneficial in the right situation, but there are risks to consider, personal finance columnist Liz ...

Trump has said he wants to extend the act, though it could be pricey. The New York Times reported last month that top Republicans are passing around ideas to cover the cost of these tax cuts.

Mortgage discount points are fees paid to lenders at closing for the purpose of reducing a loan's interest rate. The IRS allows deduction of discount points on a primary residence as long as the ...

A draft document obtained by the Times and confirmed by a source to CBS News says that one of House Republicans’ suggestions includes eliminating the home mortgage interest deduction altogether ...