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Affordable Housing and HELOC Deductibility Under New Tax Laws

Managing finances

Commentary by Desirée Patno & Photo Share from RIS Media

The new tax bill passed by Congress in December 2017, celebrated as the Trump Administration’s first major legislative victory, will have inadvertent consequences for potential homebuyers looking to buy homes in high-end markets, and for those with a home equity line of credit (HELOC). A decrease in home prices and caps on tax deductions, among other effects, will lower affordability in some high-tax states.

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