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MORTGAGE INTEREST DEDUCTION
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...11 Mar, 2026, 07.47 PM IST- 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...16 Feb, 2026, 12.54 PM IST
- 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...07 Feb, 2026, 07.17 PM IST
- 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 ...23 Sep, 2025, 11.44 PM IST
- 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...22 Aug, 2024, 11.20 AM IST
- 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...16 Jul, 2024, 12.32 PM IST
- 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...11 Jul, 2024, 10.18 PM IST
- 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.14 Apr, 2024, 01.47 AM IST
- 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...04 Mar, 2024, 10.26 AM IST
- 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...08 Feb, 2024, 04.51 PM IST
- 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...01 Nov, 2022, 08.33 PM IST
- 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 ...14 Feb, 2020, 01.31 PM IST
- 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...09 Jan, 2019, 02.09 PM IST
- 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...28 Jan, 2013, 09.57 PM IST
- 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.19 Nov, 2012, 08.41 AM IST
- 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...10 Mar, 2008, 09.37 PM IST
- Is your home a tax trap?If you have refinanced your mortgage, you may owe the IRS more than you thought.25 Sep, 2007, 05.19 AM IST
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