The new tax law  signed  at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could impact them specifically. These items may require some planning to maximize the benefits.

Tax Changes for Homeowners

Here are some of the tax changes that will affect most homeowners:

• Reduces the limit on deductible mortgage debt to $750,000 for loans made after 12/14/17. But existing loans of up to $1 million are not subject to the new $750,000 cap.
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