Above-the-Line Deductions Anyone Can Take

Above-the-Line Deductions Anyone Can Take

The information in this article is up to date for tax year 2024 (returns filed in 2025). Above-the-line deductions reduce your gross income before calculating your Adjusted Gross Income (AGI). This can increase your eligibility for various tax credits and deductions,...
Is Mortgage Interest Tax Deductible?

Is Mortgage Interest Tax Deductible?

The information in this article is up to date for tax year 2024 (returns filed in 2025). Is mortgage interest tax deductible? Yes, you can deduct the interest on your mortgage to lower your taxable income. This article breaks down the rules and limits so you can make...
Made a Tax Mistake? Amend Your Return

Made a Tax Mistake? Amend Your Return

The information in this article is up to date for tax year 2024 (returns filed in 2025). Did you notice a mistake on your taxes after you filed? Depending on your situation, you may have to amend your return. Don’t worry about math errors, the IRS will automatically...