Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

Paying off your mortgage early might seem conservative, but it offers a secure, potentially tax-free return. With recent U.S. tax law changes, many homeowners no longer benefit from mortgage interest ...

New rules for deducting mortgage interest. Limited deduction for home-equity loans. Deduction cap for property taxes. Home-office deduction for self-employed only. Tax exclusion for home-sale profits.

A readvanceable mortgage is a type of mortgage that allows ... while simultaneously deducting interest when filing taxes, increasing the potential tax refund for that year. That refund can then ...

Instead, you now receive a tax-credit, based on 20% of your mortgage interest payments. This is less generous ... landlords will be able to continue to declare rental income after deducting the ...