Zinner & Co. Blog and Newsroom

IRS Okays home equity deductions

Posted by Zinner & Co. Tax Department on Jun 7, 2018 12:30:00 PM

The Tax Cuts and Jobs Act of 2017 affected the tax deduction for interest paid on home equity debt as of 2018.

Under prior law, you could deduct interest on up to $100,000 of home equity debt, no matter how you used the money. The old rule is scheduled to return in 2026.

The bad news is that you now cannot deduct interest on home equity loans or home equity lines of credit if you use the money for college bills, medical expenses, paying down credit card debt, etc.

The good news is that the IRS has announced “Interest on Home Equity Loans Often Still Deductible Under New Law.”

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Topics: real estate, financing, Taxes - Planning, Rules and Returns, Taxes - Individual, home, Tax Cuts and Jobs Act of 2017

Zinner & Co. Attends TIAG International Conference in Scotland

Posted by Zinner & Co. on May 7, 2015 11:13:00 AM

Zinner & Co. Partner Howard Kass and Senior Tax Manager Brett Neate recently attended TIAG’s 24th international conference in Edinburgh, Scotland. The conference, which took place on May 4-6, 2015, provided TIAG® members with the opportunity to strengthen the relationships they create within the alliance of more than 115 accounting firms from around the world. Also in attendance at the conference were members of TIAG’s affiliate alliances, TAGLaw® and TAG-SP™. All three alliances are collectively known as the TAG Alliances™. 

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Topics: tiag, financing, accounting

Financing the Sale of Your Home

Posted by Zinner & Co. on Oct 31, 2014 11:06:00 AM

Posted by: Robert O’Neil, CPA

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Topics: real estate, financing, Taxes - Planning, Rules and Returns

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