More Pennsylvania sellers are hitting federal tax limits on home equity. Even modest homes can now come with a costly ...

Home equity rates seem to be on summer vacation. The average rate on a $30,000 home equity line of credit (HELOC) remained at ...

New York sellers face some of the highest home equity tax exposure in the U.S. Even longtime owners of modest homes risk five ...

Home equity loan users who used their equity for select home repairs in 2024 may be able to deduct that interest when they calculate their tax return. natalia gdovskaia/Getty Images ...

The Hidden Home Equity Tax Straining Families For Staying In House Too Long. According to Realtor, roughly 1-in-3 homeowners—approximately 29 million households—have built up more home equity ...

Interest paid on a home equity loan may be tax-deductible if used for IRS-approved reasons. Getty Images/iStockphoto The deadline for filing your 2022 taxes is just weeks away (April 18, to be exact).

The Tax Cuts and Jobs Act eliminated the deduction for home equity indebtedness. However, the IRS makes an exception if the loan proceeds were used to “buy, build or substantially improve” the ...

Home Equity Loan Tax Deduction Home renovation and repair tax deductions Homeowner Tax Deductions The U.S. government has confirmed that home equity loan interest will remain tax deductible in ...

The tax equity supplements are part of a larger effort to respond to a Commonwealth Court decision that found Pennsylvania’s public school funding system is unconstitutionally inequitable. A central ...

Tax time is hard, but there’s some good news: If you used a home equity loan for home renovations or improvements, you’re in for a deduction. Alix is a former CNET Money staff writer. She also ...