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MORTGAGE INTEREST DEDUCTION
Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...- Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
- Filing taxes soon? 7 crucial questions every homeowner should ask nowHomeowners filing taxes should check deductions, credits, and deadlines before April 15. Some may qualify for solar benefits, mortgage inte...
- Homeowners may get 8 new tax deductions under the ‘One Big Beautiful Bill’The One Big Beautiful Bill updates several tax deductions for homeowners starting in the 2026 tax year. These include mortgage interest, pr...
- Why a big tax refund in 2026 could mean you overpaid the IRS: What homeowners need to knowMillions of Americans are anticipating larger tax refunds in 2026 due to new tax laws, particularly the expanded SALT deduction for homeown...
- IRS tax refunds stimulus check: Five points to know to receive bigger tax refundsPeople who are 65 and older are eligible for a tax deduction of up to $6,000 for individuals and $12,000 for married couples, as long as bo...
- IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniorsIRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car loan interest ...
- Tax implications for senior citizens after budget 2024, know what changed and what continuesBudget 2024: Senior citizens have different financial needs and tax planning is a significant factor in financial planning for senior citiz...
- Home loan tax benefits (FY2023-24): How to save tax on home loanHow to save tax on home loan: The two components of the home loan EMI you pay are the principal repayment and interest. The majority of the...
- Affordable housing tax relief: Budget 2024 expected to bring back deduction on home loan interest payment, other measuresBudget: India's real estate sector is currently facing a combination of challenges and opportunities. One significant opportunity is the in...
- Work From Home Tax benefits: Who can avail home office deductions?Work From Home doesn't always guarantee tax benefits. There are certain conditions to avail home office deductions.
- How much income tax deduction is available on bank FD, RD and savings account interestSave income tax: Here's how you can claim income tax deduction on interest from bank FD, RD and savings account and save income tax. Howeve...
- Tax benefits on home loan: How to save tax using your home loanHome Loan Tax Benefits: Home loan borrowers should note all income tax breaks offered on home loans because doing so can help you significa...
- Mortgage loan to GDP ratio should rise in India: Deepak ParekhAccording to Parekh, even if interest rates rise, the government's tax deduction on annual outlays on this account lowers the effective tax...
- Here's how you can claim tax benefit on a top-up home loanSome of us who want to renovate or repair our homes take a top-up over the home loan due to the long tenure of our mortgage (usually 15-20 ...
- Tax queries: My wife is currently studying. Can I claim I-T deduction on tuition fee that I pay for her?Deduction under Section 80C is allowed only for the tuition fee of only up to two children, provided their educational institution is situa...
- NRIs in the US: IRS simplifies home office deduction‘Safe harbor’ method is an alternative to the existing requirement of calculation, allocation & substantiation of actual expenses, includin...
- Buying a house? Bank loan is your best betThe lender not only conducts due diligence for the property, but you can also avail of tax deductions.
- Insurance claim cannot be rejected on employer's default: PanelLife insurance company cannot reject a claim filed by the family of a deceased, if his employer defaults in paying his policy's premium. Ke...
- Is your home a tax trap?If you have refinanced your mortgage, you may owe the IRS more than you thought.
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