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Key takeaways. Joint filers who took out a home equity loan after Dec. 15, 2017, can deduct interest on up to $750,000 worth of qualified loans ($375,000 if single or married filing separately).
Myth #5: All interest on your home equity loan or HELOC is tax-deductible There is some truth to this myth, but it comes down to how you use the money. Up until 2017, interest on home equity loans ...
Is a line of credit interest tax-deductible? Interest paid on a home equity line of credit (HELOC) is tax-deductible if the funds are used to buy, build or substantially improve the home that ...
Is the interest on a home equity loan tax-deductible? It depends on the loan, how you used the money and other factors. Interest on a home equity loan or HELOC may be tax-deductible if you used ...
A home equity loan is a loan using your house as collateral — a somewhat risky move, but useful in some circumstances. Furthermore, you may be able to deduct the interest you pay on a home ...
Personal loans and home equity loans are popular ways to fund home improvements, consolidate debt and pay for big expenses. ... Your interest payments are also tax-deductible if you use funds to ...
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