It's a $26 billion housing tax break for the wealthy-but repealing it could rattle the housing market and local economies.

At a time when millions of would-be homebuyers are locked out of the market, a select group of homeowners is claiming a huge ...

The mortgage interest tax deduction allows taxpayers to deduct from their taxable income the amount of interest they paid for the year on up to $750,000 of their home loan debt.

Filing taxes often feels stressful, especially when balancing EMIs, savings, and household expenses. Your home loan statement ...

However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks, we can take more than the standard deduction and lower our tax bill even more.

How does mortgage interest deduction work? The mortgage interest deduction allows homeowners to deduct the interest they pay on their home mortgage from their taxable income.

When the Tax Cuts and Jobs Act expires at the end of the year, current caps on mortgage interest deductions will too.

A home equity loan has important tax benefits that users should remember this filing season. Here's what to know.