There’s no place like home. And one way to extract value from this important asset is to take out a home equity loan.
After all, interest rates on home loans and home-equity lines of credit are currently low. But, before you sign on the dotted line, you need to know how the tax law treats these loans. For example, you should learn…
- How much interest you can deduct
- What the limitations on those deductions really are
- If you’re going to get slammed by the alternative minimum tax (AMT)
Want to find out more before the IRS hands you a huge tax bill? Read my new article titled Tax Tips: Tax Truth about Home Equity Loans.
Here’s just some of what you’ll learn in my new fact-filled article:
- Why interest on your loan is not automatically deductible!
- Why you may get a regular income-tax deduction but get slammed by the alternative minimum tax (AMT)!
- Two surprising facts about the tax law you need to know now!
- How to determine how much you can borrow!
- Two “deduction killers” you should be aware of before you take out a loan!
- What every borrower should know about the alternative minimum tax (AMT) limitation!
- How to take advantage of “Tracing Rules”!
… and much more!
