Recent changes have reshaped how this tax deduction works. So, we asked tax and financial experts to answer common questions ...

The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

However, if you're a remote worker filing your taxes, you still might not be able to claim the home office deduction. The ...

You can deduct the interest on up to $750,000 in home loan debts, if the loans were made after Dec. 15, 2017. For single taxpayers, the limit is $375,000. If your total mortgage debt is higher ...

If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this form if you paid more than $600 in mortgage interest last year. The form also ...

Student loan forgiveness has been in the forefront, but the potential elimination of the student loan interest deduction ...

"Generally, you can deduct the home mortgage interest and points reported to you on Form 1098 on Schedule A (Form 1040), line 8a," the IRS continues to explain online. "However, any interest ...

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

If you own a home, the mortgage interest deduction could reduce your tax liability — which could be especially useful given today's high mortgage interest rates environment. But if you want to ...