The deduction is only available for points paid on a primary residence, not on investment or rental properties. Homeowners can deduct state and local property taxes they pay each year. However ...

HOA fees may be deductible as part of the cost of maintaining the rental. Since rental income is taxable, the IRS offers several rental property tax deductions including HOA fees. Homeowners who ...

A software engineer recently posted his income in the Salary Reddit Group. He currently pays more than $75k in taxes each ...

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses.

These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.

You can take advantage of the rental property tax deductions to lower your tax bill. Rental property owners can save money by deducting depreciation, property taxes, mortgage interest and the cost ...

The results of the TurboTenant survey suggest that the primary concern of landlords is property taxes due to rising property values and an ...

A YOUNG couple ditched their minimum wage jobs to get paid to sail the world on £22million superyachts. Kyle Forster, 20, was ...

If you use part of your home regularly and exclusively for business-related activity, the IRS lets you write off certain home office deductions for associated rent, utilities, real estate taxes ...

Filing your taxes can be overwhelming, but knowing the right deductions can make a significant difference in how much you owe — and how much you get back. Many people miss out on these lesser ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...

When it comes to taxes, high-net-worth individuals and business owners have access to some creative ways to legally deduct ...