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Tom Davison

I'm a wealth manager who enjoys helping people discover what path they want to walk and build a financial strategy to achieve it. This blog focuses on retirement planning, and currently delves into reverse mortgages.

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 […]