Fun Fact of the Day, December 18, 2017

December 18, 2017

GOING AWAY? - Both the House and the Senate versions of tax reform include the elimination of the deduction of interest paid for the home-equity debt.  Current law allows for the deduction of the interest expense on home-equity loans up to $100,000.  Please consult a tax expert for details (source: Tax Cuts and Jobs Act).

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