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More Kentucky homeowners are being taxed on decades of equity. Outdated capital gains limits are quietly reshaping the ...
Rep. Marjorie Taylor Greene just introduced a bill to eliminate the home equity tax. Here's what it could mean for millions ...
Home equity rates seem to be on summer vacation. The average rate on a $30,000 home equity line of credit (HELOC) remained at ...
It will only apply to HELOC money used, not HELOC money approved. HELOCs are tax-deductible for the same uses as home equity loans are. But because HELOCs work as a revolving line of credit and ...
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).