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2019 is a big year for tax professionals. After a long period of legislative near-stasis, the changes wrought by the Tax Cuts and Jobs Act of 2017 have prompted a level of client interest and engagement not seen for quite some time. This year it seems that everyone, quite naturally, has questions about how the new laws will affect their income tax bill and among the most common questions we’ve seen here at Brighton Jones is this:

There are three main questions that will determine whether the interest paid on additional mortgages (whether home equity second mortgages or mortgages on a second home) is deductible, and we’ll walk through these below. (más…)