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

In order to take advantage of the mortgage interest tax break, we have to itemize and file Schedule A of Form 1040 to prove we have tax deductions amounting to over $29,200, which is the standard ...

The sooner you finish your taxes, the sooner you'll receive your tax refund, if you have one coming. But even if you do tend to wait until the last moment or plan on filing an October 15 ...

Don’t leave money on the table when you prepare your 2024 income taxes. We’re here to help you claim all the expenses you can and minimize your tax obligation.

It also comes with audit defense and reminders to pay quarterly taxes. If you paid more than $600 in interest last year, your mortgage provider should send you a completed Form 1098 to fill out ...

Simple Form 1040 returns only (no schedules except for the earned income tax credit, child tax credit and student loan interest). Tax deductions for homeowners Mortgage interest Discount points ...

However, the mortgage interest deduction does not apply ... you'll need to itemize your deductions on IRS Form 1040 Schedule A. Fortunately, most tax software can walk you through the process ...

According to the IRS, you can deduct home mortgage interest ... tax can down the road — and totally legal to do so,” he explained. For people who then wonder how they get any benefits in the ...