More than 400,000 Illinois homeowners may owe taxes on home sale profits. Outdated exemptions are turning modest equity into ...

Rep. Marjorie Taylor Greene just introduced a bill to eliminate the home equity tax. Here's what it could mean for millions ...

A federal judge has granted class-action status to a lawsuit alleging Cook County strips homeowners of equity when auctioning ...

The IRS currently allows an exclusion of up to $250,000 in capital gains from home sales, a figure that hasn't been updated ...

Millions of American homeowners are facing a hidden tax burden they didn't anticipate due to an outdated federal rule.

Home equity rates seem to be on summer vacation. The average rate on a $30,000 home equity line of credit (HELOC) remained at ...

The U.S. Supreme Court ruled unconstitutional a decades-old practice of taking every cent of people’s home equity over unpaid property taxes. Experts say Illinois lags behind other states with a ...

Home equity theft via property tax liens is common in Illinois but has been reformed in 11 other states.

A federal judge granted class status to a suit filed in 2022 by former homeowners alleging the county’s tax sales violate the U.S. Constitution.

New lawsuits and a proposed moratorium target Illinois’ tax-sale system, which remains unchanged two years after a key U.S. Supreme Court ruling.

Home equity borrowers should take the time to understand these three items before filing their tax returns.