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 Outdated exemptions are turning modest equity into ...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Millions of American homeowners are facing a hidden tax burden they didn't anticipate due to an outdated federal rule.

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 ...

Illinois' property tax sale system, which strips homeowners of surplus equity, ... Home equity theft via property tax liens is common in Illinois but has been reformed in 11 other states.

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

Thus, Napier stands to forfeit about $118,500 in home equity if Pappas turns over the deed for the house on Maple Street to the tax buyer — who has since paid the 2022 and 2023 taxes on the ...

Illinois ranks last or near the bottom among states in studies on racial equality. At the same time, study after study shows Illinois ranked among the highest in the nation in tax burden, with a ta… ...

Illinois’ flat tax shifts responsibility for paying $27 billion more in income taxes from the top 3% of earners to families earning less than $250,000. That allowed the top earners to accumulate ...

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).