Interest no longer is tax deductible. President Trump closed the taxation Cut and work work on December 14, 2017.
Interest no longer is tax deductible. President Trump closed the taxation Cut and work work on December 14, 2017. That legislation eliminated the tax-deductible interest advantage on equity loans (for both latest and established assets financial loans). In 2026 what the law states will revert back once again to the prior limitations which allowed interest …