mortgage interest deduction

Don't Overlook These Tax Deductions

2013 was a great year for many investors, but there's a downside. All those market gains may have left you with a lot more income to report.

Presidential Debate Preview: What They'll Say About Taxes

In Wednesday's much-hyped debate between Barack Obama and Mitt Romney, few topics will loom larger than taxes -- a subject about which the two parties and their standard-bearers are fundamentally, philosophically divided. Here's what you're likely to hear.

The Best Place to Put Cash: Extra Mortgage Payments

Eenie, meenie, miney, moe -- where should my cash savings go? That's the riddle many Americans are trying to figure out these days. After the necessities are taken care of, it's time to choose: mattress, stock market or mortgage? Do the math and the answer is clear.

Should You Pay Off Your Mortgage Early?

DailyFinance has asked you, our readers, for your personal finance questions, and many of you have responded. One popular topic of those queries has been mortgages. Today, we reply to Ed, a 57-year-old with a small equity mortgage. Should he pay it off faster, or invest his extra money elsewhere?

A Peek Inside the IRS's Suggestion Box

In the complicated, confusing, and confounding world of taxes, we citizens have a little-known ally within the IRS: the Office of the Taxpayer Advocate, Nina Olson. Olson welcomes your thoughts via a suggestion box on tax reform. So far, she's received roughly 1,500 submissions, and she's still asking for more.

Time to Kill the Mortgage Interest Tax Deduction?

With proposals from both President Obama and GOP leaders to broaden the tax base, it seems likely that some cherished income tax deductions may be reduced or even eliminated, and one leading candidate for the chopping block is the deduction for mortgage interest.

Tax Tips for the Accidental Landlord

In today's shaky real estate market, more and more homeowners are becoming landlords, both by plan and by necessity. But whether you're renting out your old house, an investment property, or even a single room, being the landlord means tax breaks, and you should take every one you can.

June's Home Sales Jump: Welcome -- but Not Robust

New-home sales leaped in June by 23.6% from May, to a 330,000 annual rate, but that was aided by a downward revision to May's 47-year-low, to a 267,000 annual rate from the previous 300,000. Inventories fell, but there, too, the news is mixed.