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Month: June 2018

Jun 2018 | Home Equity Interest and IRS Tax Penalties

Posted June 1, 2018December 22, 2020 insightadmin

Deducting Home Equity Interest Under the Tax Cuts and Jobs Act Passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 has led to confusion over some longstanding deductions. In response, the IRS recently issued a statement clarifying that the interest on home equity loans, home equity lines of credit and second mortgages […]

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