2018 Tax Boot Camp

Tax reform results in reduced deductions for homeowners

The amounts that homeowners can claim on their taxes is decreasing.

With the new year came new tax laws—while tax rates for businesses are on the decline, American homeowners now have less to claim when it comes to deductions for mortgage interest, home equity loan interest and state/local taxes.

We thought this would be useful information to pass along to your homeowner clients. While we cover the basics, it’s best to contact a tax adviser to discuss specifics.

Learn about the impact