News

Maine’s long-term homeowners face growing tax bills on equity gains. Outdated federal limits are quietly reshaping the market ...
Rep. Marjorie Taylor Greene just introduced a bill to eliminate the home equity tax. Here's what it could mean for millions ...
The process of a municipality keeping excess funds is called home equity theft, because the former owner of the home lost the property as well as the equity they built over the course of owning ...
Home equity borrowers should take the time to understand these three items before filing their tax returns.
Is a home equity loan tax deductible? In short: A home equity loan isn't tax-deductible, but the interest the homeowner paid on it may be if they used it for IRS-approved reasons.
One of the benefits of a home equity loan or home equity line of credit (HELOC) is that the cash you receive from it does not count as income or capital gains for tax law purposes. However, the ...
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 ...
County officials launched tax-forfeiture proceedings, seizing Tyler’s condo and selling it at auction for $40,000. Then the county kept the $25,000 profit rather than returning the excess equity to ...
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.
Maine home care workers average just $11 an hour. Question 1's tax hike would go to providing care and raises and training to attract more workers. And family caregivers would also get a stipend.