In 2017, home buying incentives were defined by a mix of long-standing federal programs, state-level assistance, and a major shift in tax policy at the end of the year. Federal Mortgage Tax Incentives
: Prior to the 2017 reform, interest on up to $100,000 of home equity debt was deductible regardless of how the funds were used. home buying incentives 2017
The most significant change in 2017 was the passage of the in December, which altered long-term homeownership benefits. Mortgage Interest Deduction (MID) : In 2017, home buying incentives were defined by