Items Tagged with 'mortgage interest tax deduction'


  • This is how real estate taxes can affect your tax refund

    LendingTree details how a metro's tax burden impacts a homeowner's refund
    If you're one of many Americans who hasn't filed their taxes yet, the chances are high that the rapidly approaching April 15th deadline is leaving you a little stressed. If you're worried about real estate-related taxes, LendingTree recently released a study that reveals some ways that homeowners can ease worries about their tax burdens.
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  • IRS: Interest paid on home equity loans is still deductible under new tax plan

    But not in every case
    The country’s new tax laws, ushered in by President Donald Trump and his Republican counterparts late last year, will bring many changes to the mortgage industry. Namely, the plan reduces the available mortgage interest deduction from $1 million to $750,000. But what’s the impact of the tax plan on home equity loans, home equity lines of credit, and second mortgages? The IRS has answers.
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  • Preserving homeownership incentives – a national priority in tax reform

    Here's a better solution for tax reform
    [Expert commentary] The Community Home Lenders Association is very supportive of the goals of the pending House and Senate tax bills of providing tax relief for individuals and corporations and simplifying and reforming the tax code. And if this means reforming existing homeownership tax provisions in order to help finance these tax cuts, that is fine with us.
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  • How does the Trump tax plan impact real estate investment?

    Here's what's next if tax reform passes
    [Expert commentary] Outside the furor, the long-term impact of the tax plan is much grayer and has little impact on most Americans. The mortgage interest rate deduction benefits too few people in too few areas, and a broad-based decrease in taxes will ultimately benefit the housing market.
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  • After 75 years, NAHB rethinks strong stance on the mortgage interest tax deduction

    One of the top lobbyists against cutting the MID changes its mind
    The National Association of Home Builders changed its stance on one of the most highly debated homeownership conversations: the importance of the mortgage interest tax deduction. As one of the top lobbyists on Capitol Hill, for NAHB to put out an announcement on what it thinks about the MID is a big deal. Now that President Donald Trump announced his new tax plan, here is what the group has to say.
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  • Mnuchin reiterates Mortgage Interest Tax Deduction to stay put in Trump administration tax plan

    Administration to unveil tax plans soon
    Treasury Secretary Steven Mnuchin reiterated in an interview with the Wall Street Journal that the mortgage interest tax deduction will stay put in the Trump administration’s pending tax plans. And, according to the interview, America should have an official answer on all this soon.
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  • The debate around the future of the mortgage interest tax deduction continues

    No final ruling on tax reform yet
    Answers to the future of the mortgage interest tax deduction should hopefully be tucked inside the much-anticipated tax reform plan from the Trump administration once it’s released. But until President Donald Trump reveals his official plan for tax reform, a lot is still up in the air. And now a new piece from CBNC threw another potential option out there for the MITD.
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  • Mnuchin: White House to negotiate 15% corporate tax rate

    Here is what is in the tax plan
    Wednesday is a big day for the Trump administration. Treasury Secretary Steven Mnuchin and White House chief economic advisor Gary Cohn unveiled their much-anticipated tax reform plan. But first, Mnuchin gave a sneak preview of what to expect in an interview Wednesday morning.
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