More Pennsylvania sellers are hitting federal tax limits on home equity. Even modest homes can now come with a costly ...

New York sellers face some of the highest home equity tax exposure in the U.S. Even longtime owners of modest homes risk five ...

Home equity loan users who used their equity for select home repairs in 2024 may be able to deduct that interest when they calculate their tax return. natalia gdovskaia/Getty Images ...

The Hidden Home Equity Tax Straining Families For Staying In House Too Long. According to Realtor, roughly 1-in-3 homeowners—approximately 29 million households—have built up more home equity ...

Interest paid on a home equity loan may be tax-deductible if used for IRS-approved reasons. Getty Images/iStockphoto The deadline for filing your 2022 taxes is just weeks away (April 18, to be exact).

The Tax Cuts and Jobs Act eliminated the deduction for home equity indebtedness. However, the IRS makes an exception if the loan proceeds were used to “buy, build or substantially improve” the ...

The tax equity supplements are part of a larger effort to respond to a Commonwealth Court decision that found Pennsylvania’s public school funding system is unconstitutionally inequitable. A central ...

Fifty Pennsylvania school districts with serious property tax burdens will receive an extra $32 million as part of a sweeping effort to overhaul education funding in this year’s budget.