Can You Claim Mortgage Interest Deduction Without Working That Year?
You can deduct mortgage interest without working, but without taxable income or itemizing, the break may offer no benefit....
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Personal Finance : Tax Information
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Can Federal Retirees Deduct Their Health Insurance Premiums?
Discover how retirees can deduct health insurance and medical costs to lower their tax bill and stretch retirement savings further....
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Can You Carry Forward Unused Mortgage Interest Deductions?
Most homeowners cannot carry unused mortgage interest deductions to future years. But business or rental use may offer an exception....
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Are Health Insurance Premiums Deductible If You Take a Deduction for an HSA?
You can claim tax breaks for both HSAs and health insurance premiums but not for the same expenses. Here is how to maximize each without double-dipping....
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Can Parents & Students Both Claim Tuition Tax Credits?
Wondering who can claim tuition tax credits: you or your parents? Here is how the IRS decides who gets to claim education expenses and how much you can save....
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Can You Deduct Home Equity Loan Interest on Your Taxes?
Interest on a home equity loan is deductible only if the loan proceeds are used for home improvements, and only when the taxpayer itemizes deductions rather than claiming the standard deduction....
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Can You Deduct Forfeited FSA Funds? Here's What Really Happens to Them
Wondering if you can deduct forfeited FSA funds? Learn why unused money is not tax-deductible and what really happens to those dollars....
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Donating on Behalf of Someone Else: Who Gets the Tax Benefit?
Donating to charity can lower your tax bill, but only if you follow IRS rules. Here's how charitable contribution deductions work....
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What Deductions Can You Take at Tax Time & Lower Your Tax Bill?
Are you unsure about what you can really deduct at tax time? Here's a clear look at common tax deductions and how they can help lower your tax bill....
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Capital Loss Carryover Rules for Married Couples Filing Jointly
Lost money on investments? Learn how capital loss carryovers work for married couples filing jointly and how losses can lower your taxes over time....
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