Latest in Interest Tax Deduction
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Trump’s Tariffs Scramble Fed’s Interest Rate Calculus
Economists predict that the Trump administration’s trade policies could push up prices for consumers, making it harder for Fed officials to cut rates.The New York Times - 1d -
Can you deduct interest on a home equity loan if you use it to buy a second home?
Home equity loans come with appealing tax benefits. But do they apply when using the funds to buy a second home?CBS News - 5h -
4 ways a tax relief service can reduce your tax bill
If you owe back taxes to the IRS, the right tax relief service could help reduce your bill. Here's how.CBS News - 1d -
Is the Fed interest rate pause good for mortgage rates?
The Fed's rate pause is likely to impact borrowing costs — but will it make mortgage loans more affordable?CBS News - 1d -
How does the mortgage interest tax deduction work? Experts explain
The mortgage interest deduction can save homeowners money on taxes — but it's not for everyone, experts say.CBS News - 1d -
Democrats to Question Commerce Nominee’s Web of Financial Interests
Howard Lutnick, the wealthy financier Trump has picked to lead the Commerce Department, is set to be questioned by the Senate in a nomination hearing Wednesday.The New York Times - 1d -
Trump’s commerce nominee accused of conflict of interest
Billionaire entrepreneur Howard Lutnick expected to be confirmed after senate hearingFinancial Times - 1d -
Tax scams: What to watch for in 2025
Each year, scammers refine their tactics to trick taxpayers out of their money. Here's what to watch for this year.CBS News - 2d -
Which projects qualify for home equity loan tax deductions?
Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.CBS News - 2d -
How low will UK interest rates go?
There is more room for the Bank of England to loosen monetary policy than the market expectsFinancial Times - 3d -
Will the Fed respond to Trump’s call on interest rates?
Market Questions is the FT’s guide to the week aheadFinancial Times - 4d -
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Vinícius: Focused on Madrid amid Saudi interest
Real Madrid forward Vinicius Junior has said he's focused on "continuing to develop and helping the biggest club in the world" despite interest from Saudi Arabia.ESPN - Jan. 23 -
From tax lottery to tax credit: A better way to help disaster victims
As natural disasters leave many Americans facing economic hardship, the tax code's casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty tax ...The Hill - Jan. 23 -
Trump says he will 'demand' lower interest rates
Trump made a virtual address to the World Economic Forum in Davos, Switzerland.ABC News - Jan. 23 -
How is gold taxed?
Gold investments fall into several tax categories, experts say. Here's what to know this tax season.CBS News - Jan. 23 -
Trump now backs repeal of cap on ‘SALT’ deductions, says New York Republican. Taxpayers in these states could benefit.
Trump promised to repeal the limit on state and local tax deductions during his 2024 campaign. His administration‘s 2017 tax-code rewrite created the cap in the first place.MarketWatch - Jan. 22 -
Council urged to scrap 'rat tax'
A councillor has put forward an amendment to a recent review of pest control charges.BBC News - Jan. 21 -
When will HELOC interest rates drop again?
HELOC interest rates recently fell to an 18-month low. Here's when they could decline again.CBS News - Jan. 17 -
Everyone’s Favorite Small-Business Tax Deduction Gets a Boost for 2025 and More May Be on the Way
Section 179 gets a $30,000 increase, and keep your eye on bonus depreciation, too.Inc. - Jan. 17 -
Investor interest in defense grows
Yahoo News - Jan. 16 -
REPORT: Two Sharks Defensemen Drawing Trade Interest
Two San Jose Sharks defensemen are starting to be named in trade rumors as the NHL's Trade Deadline approaches.Yahoo Sports - Jan. 15 -
How to Pay Your Taxes Online
Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We break it down so you can have the most worry-free tax filing possible.Wired - Jan. 14 -
What's the CD interest rate forecast for 2025?
Planning to open a CD account? It may help to know where experts say CD rates could head this year.CBS News - Jan. 13 -
Inside Trump’s renewed interest to acquire Greenland for US
President-elect Donald Trump said he would not rule out the use of American military force to seize control of Greenland, a self-governing territory within the Kingdom of Denmark. Trump is not the ...NBC News - Jan. 12 -
This is what it could take for the Fed to hike interest rates
Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price indexMarketWatch - Jan. 11 -
Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep
Income-tax refunds averaged more than $3,100 last year. How much will they be this year?MarketWatch - Jan. 11 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Russia watching Trump's Greenland ambitions 'with great interest'
The Kremlin says it’s watching with “great interest” President-elect Trump’s ambitions for the U.S. to acquire Greenland. Trump declined to rule out using military force in his pursuit of ...The Hill - Jan. 9 -
Canadiens Players Hit Hardest By Taxes
The Hockey News had a tax expert produce tax returns for player earning $3 million USD in all 32 markets and the data shows the Canadiens' player really are hit the hardest by taxes.Yahoo Sports - Jan. 9 -
Tax lessons for governments from Henry George
The 19th-century political economist understood that the whole of society should benefit from outsized profitsFinancial Times - Jan. 9 -
What's a good CD interest rate in 2025?
CD rates have dropped, but they're still relatively high as 2025 begins. Here's what's considered a good rate now.CBS News - Jan. 8 -
What factors drive mortgage loan interest rates?
The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.CBS News - Jan. 8 -
Trump: ‘Interest rates are far too high’
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...The Hill - Jan. 7 -
O'Leary: Trump US-Canada merger an interesting concept
"Shark Tank” star Kevin O’Leary said Monday that the concept of the U.S. and Canada merging into one country is "very interesting." “I went to Palm Beach for a couple of days. On Saturday, we ...The Hill - Jan. 7 -
HELOC interest rate pros and cons to know for 2025
A HELOC interest rate comes with some significant pros and cons in today's evolving economic climate.CBS News - Jan. 6 -
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Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6 -
USA's Cardoso 'motivated' by transfer interest
Constant transfer speculation is giving Real Betis midfielder Johnny Cardoso extra motivation to play at his best, according to the United States international.ESPN - Jan. 3 -
Online traders warned to check tax return status
Deadline looms as Airbnb, eBay and other platforms report individuals’ incomeFinancial Times - Jan. 3
