Starting in 2025, the cap for deducting these taxes has been raised from $10,000 to $40,000. The caps are expected to be raised 1% every year through 2029, before reverting back to $10,000 in 2030.

Some of these perks don’t apply to investment properties, but that doesn’t necessarily mean you’ll have to pay more taxes for ...

As the implementation of the tax reforms draws closer, many Nigerians have continued to express concerns about specific provisions of the laws.

Homeowners who sell at a loss usually get no tax break on primary residences. IRS treats it as personal property, not an investment.

The IRS released the 2026 standard deduction amounts you’ll use for your 2026 tax return — and they're higher than ever. Knowing the standard deduction amount for your status can help you determine ...

The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation but also due to ...

Sept 15 (Reuters) - The property tax authority in Ann Arbor, Michigan, said that Federal Reserve Governor Lisa Cook hasn’t broken rules for tax breaks on a home there that Cook declared her primary ...

CORRECTION: A previous version of this story incorrectly stated the amount of the new deduction. We regret the error. New Jerseyans have been screaming about it for ...