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MORTGAGE INTEREST DEDUCTION
Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters hereThe baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the ca...- Homeowners, read this first: Mortgage interest and property taxes only help in 2026 if you itemize, and many are better off skipping itHomeowners may want to look twice before claiming mortgage interest and property taxes as tax breaks in 2026. Those expenses help only when...
- 5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
- Warren Buffett and IBM: Praying the stock price goes nowhere. The maths explains whyHe is not being clever. He does the arithmetic and shows you exactly how much a falling price would be worth to him. Then he turns on the a...
- India vs US real estate: Transparency, legal protection, fraud risks, and what NRIs should consider before buying propertyIt is relatively easier to reliably buy or sell property in the United States, compared to the process in India, which can be fraught with ...
- 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...
- 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...
- 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.
- 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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