The new tax law removes the ability to deduct interest paid on home equity loans. Will schools ask less of families, and should parents even use the loans to pay for school?

Topics:  tax   pay   home equity   loans   
  • Color of Money Live: Talking with the author of 'Crazy Rich Asians'
    The only thing you might give up if you move is a tax break if you invest in a 529 plan in a state that offers a state tax deduction ... of building up equity. So I would want to pay my half on the place where I live. And for the second home, share the ...
    05/31/2018 - 7:08 am | View Link
  • Color of Money Live (April 12)
    My husband thinks we should since the money will be tax free when ... mortgage debt and home equity debt is still deductible if you itemize. You just can't use secured mortgage debt to say pay off credit cards and expect to get a deduction for the interest ...
    04/12/2018 - 5:08 am | View Link
  • Stretch Your Dollar: Year-end tips to save money come tax time
    Heritage Capital’s Paul Schatz says with President Trump‘s tax bill passing, you’re also smart to ... in 2018 that deduction gets capped at $10,000,” said schatz. He also suggests you pay as much as you can on your home equity line of credit ...
    12/28/2017 - 7:31 am | View Link
  • Should someone close a credit card with a $160 annual fee?: Money Matters
    Q: I'm having difficulty deciding whether or not to pay off debt using my home equity line of credit ... HELOC because the interest rate would be lower and you may have the tax deduction as well. You may be paying 20 or 25 percent or more on your credit ...
    01/25/2017 - 4:02 am | View Link
  • 10 Reasons to Fear an IRS Audit
    We all do our best to comply with the vast array of tax ... big deduction you took for your home business? If there’s no longer proof, then you can’t have it. All that money you gave to charity? No receipts, no deduction. It really does pay to scan ...
    04/15/2016 - 7:46 am | View Link
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    06/17/2018 - 12:45 am | View Website
  • 5 Things to Know About Home Equity Loans -- The Motley Fool
    5 Things to Know About Home Equity Loans Loans can allow you to tap into the equity of your home, but they carry risks. Learn five key facts about home equity loans here.
    06/16/2018 - 4:52 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    06/15/2018 - 10:44 pm | View Website
  • Finance Fail: Pay off my home or invest the money?
    Should you pay down your mortgage or invest the money in a retirement account. The answer is easy: your home isn’t a risk-free investment.
    06/15/2018 - 5:37 pm | View Website
  • Tax return tips | ASIC's MoneySmart
    Tax return tips. Getting tax right. It's tax time again so here's our guide to what you can and can't claim in your Australian 2017 tax return, and tips to make lodging your tax on time a breeze.
    06/15/2018 - 1:23 am | View Website
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