The U.S. tax system is a pay-as-you-go tax system, meaning taxpayers need to pay taxes as income is earned or received. Employees typically have income tax withheld from paychecks. However, if you don’t have income tax withheld from your pay, or you don’t have enough...

The Tax Cuts and Jobs Act (TCJA) made some changes to the deductibility of both acquisition and home equity mortgage interest. However, these rules are only going to affect taxpayers who itemizes, and many folks will no longer itemize because the TCJA substantially increased the...