Owning a home can yield some benefits at tax time if you're able to deduct mortgage interest. If you paid interest on a mortgage loan, your lender should provide you with a Form 1098 Mortgage Interest ...

A mortgage expert has warned homeowners not to throw away their 1098 tax forms before they file. In her recent video, California-based realtor Liz Reese (@loanladyliz) explained that 1098 forms can be ...

There are many people who have unwittingly understated their mortgage interest deductions who should be seeking refunds. Also preparers of tax returns should not be taking Form 1098, which reports ...

It’s that time of year again: tax season! If you’re a homeowner or planning to become one, it’s helpful to be aware of form 1098 and understand its potential benefits. There are many perks to ...

A couple of developments from late last year involving Bank of America and its issuance of supposedly erroneous information returns are worth highlighting. One relates to Bank of America’s mortgage ...

One of the biggest advantages of homeownership over renting is being able to use the mortgage interest deduction to reduce your taxes. The government allows taxpayers to deduct the interest paid on ...

My fiance and I purchased a home in 2008. We are co-borrowers for the mortgage and we are filing separate returns. Can we split the mortgage interest between us when we file, or can only one of us ...

Q: Last year we got a mortgage at AmTrust Bank going through a broker, Woodside Mortgage. The discount points we paid to buy down our rate are on our HUD-1 statement. When we started our tax return, ...