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   
BING NEWS:
  • 5 Legal Tax Shelters Almost Everyone Should Use
    Tax ... home's equity with a loan or a line of credit, you may also be able to deduct some of the interest you pay on that debt, too. However, the new tax law almost doubled the standard deduction ...
    09/12/2018 - 3:54 am | View Link
  • How to use home equity to consolidate your debt
    Using a HELOC or home equity loan to pay off credit card debt does not qualify for the tax deduction. If you decide that a HELOC is right for you, it’s a smart idea to shop around with several differe...
    09/5/2018 - 6:04 pm | View Link
  • 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 pl...
    05/31/2018 - 5:17 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 cre...
    04/12/2018 - 5:40 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 y...
    12/28/2017 - 12:32 am | View Link
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BING SEARCH:
  • 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 2018 tax return, and tips to make lodging your tax on time a breeze.
    09/15/2018 - 11:04 pm | View Website
  • Are You Missing Out on These Educator Tax Deductions ...
    Read this before you file your tax return. We’ll help you claim your educator deductions so you can get back as much money as possible.
    09/15/2018 - 3:33 pm | View Website
  • Stock Quotes, Business News and Data from Stock Markets ...
    Get the latest headlines on Wall Street and international economies, money news, personal finance, the stock market indexes including Dow Jones, NASDAQ, and more. Be informed and get ahead with ...
    09/15/2018 - 8:24 am | View Website
  • Taxes Resources | Bankrate.com
    Find advice on filing taxes, state tax rates, tax brackets and more.
    09/12/2018 - 8:16 pm | View Website
  • The Best Home Improvement Loans of 2018 | U.S. News
    Long-term payments: If you use a long-term home equity loan for a short-term expense, even with a lower APR, you could pay more interest over time than if you had used a different form of financing. Home equity loans are commonly available for up to 30 years, while personal loans typically have a maximum repayment period of seven years.
    09/10/2018 - 4:43 pm | View Website
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