At a time when millions of would-be homebuyers are locked out of the market, a select group of homeowners is claiming a huge tax break—for second homes. Known as the mortgage interest deduction, this ...

Amidst a housing market that excludes many potential buyers, a particular group of homeowners benefits from a significant tax break for second homes through the mortgage interest deduction (MID).

Second homes may seem just like primary residences, but when it comes to financing, taxes and expenses, there are some important differences. Before you step into the second home market, you’ll want ...

If you own or plan to buy a second home, you can often deduct property taxes. But, the IRS limits how much you can claim each year. These deductions apply only if you itemize, and the total cap for ...

In her book The Second Estate, Ray Madoff explains how the U.S. tax system lets the ultra-rich grow their wealth tax-free while working Americans bear the burden.

Buying a second home can be an appealing way to lock in a vacation retreat or create an income-producing property. But the number of buyers taking out mortgages for second homes has fallen sharply — ...

With all eyes now firmly focused on the second half of 2025, mortgage servicers throughout the U.S. face an important period for property tax management. More than 60% of all property tax bills are ...

In her book The Second Estate, Ray Madoff explains how the U.S. tax system lets the ultra-rich grow their wealth tax-free while working Americans bear the burden.