For home equity borrowers under the new law, that means a few changes. Technically, the tax reform suspends deductions for interest paid on home equity lines of credit and loans, from 2018 to 2026. But there is a significant exception that took some time to uncover.

In other words, you can’t pre-pay your 2018 state and local income. And here’s where that definition is super important: For tax years 2018 through 2025, there is no deduction available for.

While several popular deductions went away, these write-offs are still available to tax filers in 2019. While several popular deductions went away, these write-offs are still available to tax filers.

 · Home Equity Debt Can Reduce Capital Gains Taxes Capital gains earned from the sale of your home can lead to a huge tax bill. Learn how to minimize your capital gains bill by raising your cost basis through home improvements.

With a tax deduction gone, is home equity a smart way to pay for college? originally published January 20, 2018 at 8:00 am Updated January 22, 2018 at 8:07 pm

The home equity loan tax deduction is different for tax years 2018 and beyond. This page remains to describe how things used to work, but it’s more important than ever to review your financial situation and your deductions with a tax professional before making big decisions.

Most journeys start with the word "yes," and a college education is no different. So let’s begin there. Yes, the new tax bill passed in 2017 affects college financing plans for 2018 and beyond, and yes, there are still many ways to finance an education effectively within the limits of the new bill.

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Home equity tax deduction loss complicates a popular way to pay for college Saturday, January 13, 2018 Homeowners are still trying to wrap their heads – and tax plans – around the many Tax Cuts and Jobs Act (TCJA) changes to the Internal Revenue Code that are related to personal real estate.

Now, as the height of tax season comes and Americans consider how much they’ll pay in taxes next year. But there are ways to survive if you know things like how to calculate your deductions. And.