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 Outdated exemptions are turning modest equity into ...

Since 2017, taxpayers have been able to deduct interest on up to $750,000 worth of qualified home equity loans (if married, ...

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

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

Millions of American homeowners are facing a hidden tax burden they didn't anticipate due to an outdated federal rule.

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… ...

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 home equity loan has important tax benefits that users should remember this filing season. Here's what to know.

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

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.

Is a home equity loan tax deductible? In short: A home equity loan isn't tax-deductible, but the interest the homeowner paid on it may be if they used it for IRS-approved reasons.