Nearly half of Florida homeowners risk losing equity to hidden taxes. A frozen federal cap is turning profit into liability ...

Florida Just Introduced A Property Tax COLA For Retirees – How This Boost Could Ease Housing Costs For Thousands. ... which can otherwise eat away at home equity and monthly budgets.

But home equity borrowers, whether they used a home equity loan or HELOC, have potentially valuable tax deductions to explore before submitting their return. So take the time to understand the ...

Tax-filing status. Home equity loan closing date. Debt limit for interest deduction. Filing jointly. Before Dec. 15, 2017. $1,000,000. Filing separately/single ...

The Hidden Home Equity Tax Straining Families For Staying In House Too Long. According to Realtor, roughly 1-in-3 homeowners—approximately 29 million households—have built up more home equity ...

Will Florida ditch property taxes as home prices surge? By . Emily Davis. Published March 20, 2025, 3:00 p.m. ET. Soaring home coasts are driving Florida legislators to propose radical solutions.

If you took out a home equity loan between 2017 and 2025, you can deduct the interest if you used the loan funds to buy, build, or substantially improve the property.