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Are home equity loans tax-deductible?

Since 2017, taxpayers have been able to deduct interest on up to $750,000 worth of qualified home equity loans (if married, filing jointly); $375,000 if single or married, filing separately). read more

Yes, you can still deduct interest on home equity loans under the new ...

Yes, you can still deduct interest on home equity loans under the new tax law What you think you know could be wrong Published: April 30, 2018 at 7:51 p.m. ET ... read more

Is Interest on a Home Equity Line of Credit (HELOC) Tax Deductible?

New Rules for Home Equity Tax Deductions Since the tax law changed in 2017 , the tax deductibility of interest on a HELOC or a home equity loan depends on how you spend the loan funds. read more

Is Mortgage Interest Still Deductible After Tax Reform?

However, thanks to the changes made by the Tax Cuts and Jobs Act, mortgage interest is no longer deductible on a second home at all -- even if you are well under the new $750,000 limit on your ... read more

IRS: Interest paid on home equity loans is still deductible under new ...

The country’s new tax laws, ushered in by President Donald Trump and his Republican counterparts late last year, will bring many changes to the mortgage industry. Namely, the plan reduces the ... read more

Know the rules about deducting mortgage interest - especially after a ...

If you buy a really expensive house or a condominium (or even a cooperative apartment), the IRS has some good news for you. Despite the statutory limitation that prohibits you from deducting ... read more

Tax Loophole for Deducting Home Equity Loan Interest - MSN

The deduction can be claimed only for the interest paid on mortgage debt up to $750,000 if the loan was taken out after Dec. 15, 2017, or $375,000 for married couples filing separately. read more

How new tax rules on home-equity loans affect you

Plan on tapping into your home equity to make a springtime splurge? The good news is that, despite what you may have heard about the new tax law, you might still be eligible for a federal tax ... read more

6 Things to Know About Buying a Home Under New Tax Rules

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset.Powered and implemented by FactSet Digital Solutions. Legal Statement. This material may not be ... read more

Are Deductions Less Valuable Under the New Tax Laws?

In addition, the new tax laws put a cap on the deductibility of interest for new mortgages that exceed $750,000. (For properties purchased prior to Dec. 15, 2017, interest on mortgages of up to $1 ... read more

The home mortgage interest deduction under the TCJA

When the Tax Reform Act of 1986, P.L. 99-514, eliminated personal interest deductions, the mortgage interest deduction remained, with a $1 million ceiling on home acquisition indebtedness ($500,000 ... read more

3 new tax rules homeowners need to know | PBS News

Under the new tax law, homeowners can only deduct mortgage interest paid on up to $750,000 on a first or second home. This new law only applies to homes purchased after Dec. 15, 2017. read more