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House bill chops tax break for RVs and boats

(Nov. 22, 2017) -- If a provision in the House-passed tax bill makes it into the final legislation, owners of boats and recreational vehicles who write off the interest on their loans would lose that deduction.

ENGLEWOOD CLIFFS, N.J. — Cruising the high seas or open highways could start costing taxpayers a bit more.

If a provision in the House-passed tax bill makes it into the final legislation, owners of boats and recreational vehicles who write off the interest on their loans would lose that deduction.

The Tax Cuts and Jobs Act approved by the House last week eliminates the deductibility of mortgage interest on second homes.

Read the full story from CNBC.

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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