Jan 18 update: added new Michael Kitces blog on acquisition vs home equity mortgage interest treatment below. BY TOM DAVISON ON DECEMBER 31, 2017 Important income tax changes in December 2017 affect reverse mortgages. The […]
Major changes in Tax Deductions for Reverse Mortgages: December 2017 Update
Dec 2017 updates: Important tax law changes
CFPB Report on Social Security Claiming and Reverse Mortgages: Slanted by Silence
The CFPB released a report on August 24 titled “Issue Brief: The costs and risks of using a reverse mortgage to delay collecting Social Security”. On a quick glance, the 26-page report […]
Recovering a Lost Tax Deduction: April 2016 Update
Reverse mortgages provide access to cash and may provide large tax deductions. Reverse mortgages are unique as borrowed funds don’t have to be paid back until the homeowner permanently leaves the house. […]
Your Reverse Mortgage May Save You Income Taxes – February 2016 Update
Income Tax Planning with a Reverse Mortgage
If you have a reverse mortgage you generally don’t have any home mortgage interest to deduct on your tax return. That’s often the biggest deduction on a tax return, and without it […]
Tools for Retirement Planning 
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