Internal Revenue Service Clears Up Confusion On Deducting Home-Equity Loan Interest
March 1, 2018
The Internal Revenue Service said that interest payments on home-equity loans can still be deductible under the Tax Cuts and Jobs Act that went into effect at the end of 2017 if it’s used for home improvements.
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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