Tax news from around the web: Feb. 26 – March 2

Written on Feb 26, 2018

IRS issues guidance for deducting home equity loan interest under the new tax law
The home mortgage interest deduction was spared from the chopping block in the new tax law, but the amount of home mortgage allowable for purposes of the deduction was limited to $750,000 for new mortgages. Now, the IRS has finally issued guidance concerning deducting interest paid on home equity loans.

Ohio businesses cleared to use new municipal tax filing system; deadline next week
Judge rules centralized municipal tax filings can move forward in Ohio – a victory for Ohio businesses. Employers can opt in by March 1 for 2018 benefits.

Tech Corner: The problem with today’s driverless car technology is the drivers
Vehicles that aren’t fully autonomous require driver education.

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