Tag: reverse mortgage changes 2024

Recent changes in Florida’s tax laws have impacted the way Reverse Mortgages, also known as Home Equity Conversion Mortgages (HECMs), are taxed. These changes are based on Florida Statute 199, FDOR Tax Information Publication (TIP) No. 24B04-02, and Section 18, Chapter 2024-158, Laws of Florida. For those who are involved in real estate transactions, understanding…