Tax Deductions

Understand how property taxes affect your budget when you’re shopping for homes.

For most tax deductions, you need to keep receipts and documents for at least 3 years.

Missed a tax deduction? Overlooked a tax credit? Get what’s coming to you by amending your return.

The mortgage insurance deduction is back — at least through 2020. But only if you itemize.

You might be able to claim tax deductions for home improvements made for medical reasons if you itemize and your expenses are sizable.

You may be able to deduct points you paid on a mortgage — but you’ll have to itemize.

What you can deduct, such as property tax, and what you can’t — but there are definitely more cans than can’ts.

Tax deductions for a second home vary greatly depending on how much you use the home and whether you rent it out.

One way lets you deduct home office expenses easily; the other is harder, but might mean a bigger deduction.

Don’t rouse the IRS or pay more taxes than necessary — know the score to avoid common tax mistakes.