Thu, March 13, 2025
[ Thu, Mar 13th ]: eNCA
Budget 2025 | The good, the bad and the unexpected
[ Thu, Mar 13th ]: Forbes
The Art Of Risk Management And Navigating Uncertainty
[ Thu, Mar 13th ]: Fortune
Roomba creator iRobot was once courted by Amazon .. cuum revolution. Now, it might go out of business
[ Thu, Mar 13th ]: Week99er
Best Altcoin to Buy in March 2025? Qubetics Sell .. SEI's $557M Revenue, and Mantra's $6B Market Cap!
[ Thu, Mar 13th ]: MarketWatch
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[ Thu, Mar 13th ]: Forbes
What Trump's Presidency Means For Medicare (And What You Can Do About It)
[ Thu, Mar 13th ]: Barchart
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[ Thu, Mar 13th ]: Moneycontrol
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[ Thu, Mar 13th ]: Zawya
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[ Thu, Mar 13th ]: Reuters
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[ Thu, Mar 13th ]: Reuters
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[ Thu, Mar 13th ]: Investopedia
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[ Thu, Mar 13th ]: BusinessTech
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[ Thu, Mar 13th ]: Moneycontrol
India's biggest lender SBI to set up AI, fintech project finance unit
[ Thu, Mar 13th ]: Stocktwits
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[ Thu, Mar 13th ]: KKTV
Small business advocate worried as SBA office set to relocate from Denver
[ Thu, Mar 13th ]: Insider
Elon Musk must turn over records and answer questions on what he's doing at DOGE, judge orders
Wed, March 12, 2025
[ Wed, Mar 12th ]: Mediaite
Fox's Laura Ingraham Advises Viewers to 'Ignore' .. Stock Market Because Trump 'Is Good for Business'
[ Wed, Mar 12th ]: TheWrap
Fox Business Host Slams Trump White House - and F .. to Talk Economy: 'I'll Air Dirty Laundry All Day'
[ Wed, Mar 12th ]: Bloomberg
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[ Wed, Mar 12th ]: KFVS12
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[ Wed, Mar 12th ]: WHAS11
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[ Wed, Mar 12th ]: FXStreet
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[ Wed, Mar 12th ]: CNN
US inflation cooled in February, but Trump's tariff plans and trade war loom
[ Wed, Mar 12th ]: Week99er
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[ Wed, Mar 12th ]: Yahoo
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[ Wed, Mar 12th ]: WTOL
Financial stress rises as tax season approaches; experts warn of common mistakes and scams
[ Wed, Mar 12th ]: Fortune
CEOs are turning to AI for business advice and th .. y trust it even more than their friends and peers
[ Wed, Mar 12th ]: MarketWatch
I invested $4,000 in 2020 when the market crashed .. $55,000 with 65% in Nvidia. Am I now in trouble?
[ Wed, Mar 12th ]: BusinessTech
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[ Wed, Mar 12th ]: Forbes
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[ Wed, Mar 12th ]: GOBankingRates
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[ Wed, Mar 12th ]: CNET
PSA: Procrastinating Your Taxes Can Make Filing More Expensive. Here's Why
[ Wed, Mar 12th ]: Forbes
The Lower Middle Market Advantage: How Smaller Deals Can Deliver Big Returns
[ Wed, Mar 12th ]: IOL
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[ Wed, Mar 12th ]: Newsday
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[ Wed, Mar 12th ]: Insider
Europe hits back at Trump's new aluminum and steel tariffs
[ Wed, Mar 12th ]: CNBC
CNBC Daily Open: The U.S. and Canada exchange blows over tariffs, churning markets
[ Wed, Mar 12th ]: NerdWallet
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[ Wed, Mar 12th ]: Entrepreneur
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[ Wed, Mar 12th ]: BBC
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[ Wed, Mar 12th ]: Zawya
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[ Wed, Mar 12th ]: GhanaWeb
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[ Wed, Mar 12th ]: AOL
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[ Wed, Mar 12th ]: Reuters
South African rand opens weaker before budget showdown
[ Wed, Mar 12th ]: Investopedia
50 Best Cities To Retire In the U.S.: The Surprising Leaders in Affordability

Own a Home? Here's How the Mortgage Interest Deduction Will Lower Our Tax Bill

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Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.
The article from CNET explains how the mortgage interest deduction can benefit homeowners by reducing their taxable income. It details that homeowners can deduct the interest paid on up to $750,000 of mortgage debt ($375,000 if married filing separately) for mortgages taken out after December 15, 2017. For older mortgages, the limit is $1 million ($500,000 if married filing separately). This deduction applies to the interest on loans used to buy, build, or improve the home, but not for home equity loans unless used for home improvements. The article also provides an example of how this deduction works: if a homeowner pays $12,000 in mortgage interest in a year and is in the 22% tax bracket, they could reduce their tax bill by $2,640. However, the actual tax savings depend on various factors including the homeowner's total income, other deductions, and the standard deduction, which might make itemizing less beneficial for some.

Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/own-a-home-heres-how-the-mortgage-interest-deduction-will-lower-our-tax-bill/ ]