MoneyWise


Tax Changes on Mortgage Interest

July 26, 2018

While many analysts are crediting the new tax law signed by President Trump in December with kicking the economy into high gear— certain homeowners may get kicked somewhere else come tax time.  The law puts new limits on home mortgage interest deductions. Will they affect you?  Tax Changes on Mortgage Interest on this edition of MoneyWise Live.

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If your wife was let go from her job and she has a pension, should you roll that into something else after she loses her job?
  • If you have 2 mortgages and about $30,000 in student loans, is it a good move to liquidate your retirement fund and pay off the student loans?
  • If you and your husband (who had a heart attack many years ago) are looking into long-term health insurance and are having a hard time finding an affordable policy, is long-term health insurance worth paying the high premiums?

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