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Interest Rates

Home Equity Loan Interest May Still be Deductible under New Tax Legislation

The recently passed tax bill suspends the itemized deduction for interest on home equity indebtedness, beginning with tax years after December 31, 2017. A taxpayer, however, may still be able to claim a deduction for some or all of the interest on a home equity line of credit (HELOC). The type of loan (e.g. traditional… More >

Put Interest Rate Boost Into Context

Interest rates are (finally) increasing. Now what? The long-awaited interest rate hike by the Federal Reserve was finally announced in December. The Fed stated that it would raise rates by a quarter of a percentage point, the first increase since June 2006. The Fed’s statement emphasized that the state of the economy is not putting… More >