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Taxpayers get good news from IRS on home equity lines of credit

Taxpayers get good news from IRS on home equity lines of credit

Chicago Tribune - Kenneth R. Harney

It’s official: Despite widespread fears to the contrary, the IRS has clarified that last year’s big tax overhaul did not kill all interest deductions on home equity lines of credit, or HELOCs, and equity loans. In a policy statement, the IRS said that it has received “many questions ... from …

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