Can I Still Deduct My Mortgage Interest in 2018? – Although the home equity interest deduction has technically gone away. Under the revised tax code, the PMI deduction has been extended for the 2018 tax year. Essentially, this allows you to treat.
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Home Equity Loan Tax Deduction: What Changed in 2018. – Are home equity loans and HELOCs Tax-Deductible in 2018? Yes, the interest paid on home equity loans and home equity lines of credit is still tax deductible, even in 2018 and beyond. However, it will be subject to stricter requirements.
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Here are 6 tax breaks you’ll lose on your 2018 return – If you took out a home equity loan or line of credit. The tax overhaul temporarily lowered the threshold for the medical expense deduction. For the 2017 and 2018 tax years, you’re able to claim an.
Looking ahead to 2018 tax season: 5 ways to hack the new. – · Looking ahead to 2018 tax season: 5 ways to hack the new tax law. Planning now can help you sidestep some pitfalls while maximizing your returns next year.
Among the biggest changes were to the state and local tax deduction amounts, also referred to as the SALT deduction cap. Now that deduction limits are standard across the board regardless of.
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Itemized deductions – Tax.ny.gov – For federal purposes, the itemized deduction rules for home mortgage and home equity interest you paid in 2018 have changed from what was.
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Is a Home Equity Loan Tax Deductible in 2018. – Find My. – January 1st, 2018, the tax deduction on a home equity loan will be changed. This change will affect both new and existing home equity loans. An equity loan is a second mortgage used to borrow against the equity in your home. When the second mortgage was used to purchase your home, the mortgage interest is still tax deductible in 2018.