Home Equity Loan Deduction

28-12-2017  · The tax reform signed into law by President Trump lowers tax rates but also eliminates certain tax deductions. The home equity tax deduction has been …

<img src='https://i.ytimg.com/vi/O2JfQ5YPTDA/hqdefault.jpg?sqp=-oaymwEjCPYBEIoBSFryq4qpAxUIARUAAAAAGAElAADIQj0AgKJDeAE=&rs=AOn4CLAKp5AAjpliVxcXfZghQBKQloanOg' alt='Deductible Interest on home equity loans ‘ class=’alignleft’>13-10-1987  · Note. Interest on home equity loans and lines of credit are deductible only if the borrowed funds are used to buy, build, or substantially improve the …

21-2-2018  · IR-2018-32, Feb. 21, 2018 — The irs today advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans.

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the …

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