Archive | March, 2018

New Tax Law for Deducting Home Equity Line or Loan Interest

Beginning January 1, 2018, the new tax law restricts how and when interest can be deducted on a home equity line of credit (HELOC) or second mortgage.

Before the tax law change, home equity loans and second mortgages were popular ways for homeowners to borrow money to pay for college, vacations, a new car, etc., because the interest on the loans could be deducted. Read More

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