Tax Deductions and Reverse Mortgages: April 2017 Update

August 2016 updates: Additional identification of who can deduct reverse mortgage payments (homeowner, their estate, or their beneficiaries). Wording changes for simplicity. If you have a FHA insured Home Equity Conversion Mortgage (HECM) you have the potential for valuable tax deductions. Interest is deductible when you pay it. You could pay it and deduct it […]