5 Homeownership Changes Coming Under New Tax Law

5 Homeownership Changes Coming Under New Tax Law

December 22, 2017

Source: Nerdwallet

Will the new tax law save you money or cost you money? The answer depends on a complex array of factors that touch on just about every aspect of your financial life. This article is about a subset of your finances: How the tax law will affect homeownership and mortgages.

Among other things, the tax law changes whether and how homeowners deduct mortgage interest and property taxes. Many of these revisions for individuals and families are set to expire at the end of 2025.  Here are five elements of the tax law that could affect homeownership, home selling and moving.

Full story: https://www.nerdwallet.com/blog/mortgages/6-ways-tax-plan-could-change-homeownership/