The Form 1040 is an official document used by U.S. taxpayers to file their annual income tax returns. It includes sections ...

This tax season, my household is claiming the mortgage tax deduction ... a Form 1098, which details how much mortgage interest you paid during the tax year. It's helpful to review the IRS ...

The Form 1040 is an official document used by U.S. taxpayers to file their annual income tax returns. It includes sections for reporting income and deductions, which help calculate the tax owed or ...

In the final days of tax season, tax professionals have been grinding through their clients' tax returns while trying to reassure them in the midst of reports of layoffs and budget cuts at the ...

Use the IRS Interactive Tax Assistant tool to determine your eligibility. Tax deductions reduce your taxable income, which is the amount IRS and state tax agencies use to calculate how much you owe.

Keep in mind that the IRS generally has to pay interest on ... claim an education tax credit for the same expenses, she says. Review information about tax credits and deductions to make sure ...

Before refinancing your mortgage, use an online mortgage calculator ... my tax deductions? A 30-year mortgage can impact your tax deductions if you deduct interest payments. The IRS has a home ...

The IRS touted big enhancements to Direct File this year, and with the tax ... claim deductions for Health Savings Accounts, whereas last year you could only claim them for student loan interest ...

You need to itemize to take a tax ... mortgage interest, unreimbursed medical expenses (above 7.5% of your adjusted gross income) and eligible disaster losses. See IRS Schedule A, Itemized ...