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

If nothing else, home equity contracts are expensive, even compared to other home-secured finance options. They may require consumers to pay hundreds of thousands of dollars at the end of their loan ...

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

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 ...

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 ." ...

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 ...

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.

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 ...

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).

However, home equity loan interest is sometimes tax deductible. Here’s what you should know about deducting home equity loan interest on your taxes, including who is eligible and what forms are ...