Sentences with phrase «becomes nondeductible»
Mortgage interest on purchase loans is still deductible under tax reform up to $ 750,000, but the deduction for interest on home equity loans becomes nondeductible once 2018 begins.
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With 2010 just around the corner, the nondeductible IRA has become a very popular tool to allow high wage earners a way into the Roth IRA - a «backdoor» way.