Is interest paid on a home equity loan tax deductible?

By Yahoo! Finance   |   11 months ago
Is interest paid on a home equity loan tax deductible?

Home equity loans can provide access to cash and potential tax deductions if used for home-related expenses. Tax rules under the TCJA affect deductions for mortgage debt. Itemizing deductions is necessary, and IRS forms must be filed correctly to claim the interest deduction.

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