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    Interest on Residence Equity Loans continues to be Deductible, however with a huge Caveat

    Interest on Residence Equity Loans continues to be Deductible, however with a huge Caveat The attention paid on that home equity loan may be tax deductible still, in many cases. Numerous taxpayers had feared that the tax that is new — the Tax Cuts and work Act of 2017, enacted in December — had been the death knell for deducting interest at home equity loans and credit lines. The loans derive from the equity in your house, and they are guaranteed because of the home. (Home equity may be the distinction between exactly what your house will probably be worth and your debts in your home loan. ) Nevertheless the…

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