The Internal Revenue Service advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Despite newly-enacted restrictions on home mortgages, taxpayers will still generally be able to deduct interest on a home equity loan,
Tag: credit
Protecting Americans from Tax Hikes (PATH) Act of 2015 – Tax Extenders
President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”) on December 18, 2015, after both houses of Congress voted to approve the budget measure and comprehensive spending bill. The PATH Act extends a number of important