Tax Form Updates - A new tax form is available for claiming deductions [1] - The form covers deductions for tips, overtime, car interest, and seniors [1] Deduction Categories - Tips may be eligible for deduction [1] - Overtime pay may be eligible for deduction [1] - Car interest may be eligible for deduction [1] - Seniors may be eligible for specific deductions [1]

Tax Form Updates - A new tax form is available for claiming deductions [1] - The form covers deductions for tips, overtime, car interest, and seniors [1]

It’s not just the down payment you need to worry about when preparing to buy a house. You also need to factor in closing costs, which typically amount to around 2% to 5% of the home’s purchase price. For instance, the Redfin Monthly Housing Market Data reports a national median sale price of $446,000 for single-family homes as of December 2025. That would range from $8,920 to $22,300 in up-front closing costs. Fortunately, a few of your closing costs may be tax deductible, which could help offset some ...