Nearly half of Florida homeowners risk losing equity to hidden taxes. A frozen federal cap is turning profit into liability ...

Rep. Marjorie Taylor Greene just introduced a bill to eliminate the home equity tax. Here's what it could mean for millions ...

But home equity borrowers, whether they used a home equity loan or HELOC, have potentially valuable tax deductions to explore before submitting their return. So take the time to understand the ...

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

Federal Trade Commission, "Home Equity Loans and Home Equity Lines of Credit." Accessed March 21, 2024. IRS, " IRS provides tax inflation adjustments for tax year 2024 ." ...

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 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 ...

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 ...

Will Florida ditch property taxes as home prices surge? By . Emily Davis. Published March 20, 2025, 3:00 p.m. ET. Soaring home coasts are driving Florida legislators to propose radical solutions.

Too often Florida new home buyers are surprised by the increase in property taxes triggered by the purchase. A sale of a Florida home can trigger a larger than expected property tax bill for the ...

It's an ongoing tax benefit. One of the major benefits of home equity loan and HELOC tax deductions is that it's an ongoing benefit. Barring any changes via the IRS, if you've already used your ...