Under the Trump tax plan, taxpayers will no longer be able to deduct the interest paid on home equity loans and will only be able to deduct mortgage interest paid on debt up to $750,000. In addition, taxpayers will no longer be able to deduct moving expenses.
If you have a tax issue and would like to chat with an attorney, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.