A home equity loan has important tax benefits that users should remember this filing season. Here's what to know.

Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.

One of the biggest benefits of a home equity loan or HELOC, besides the lower interest rate and access to a six-figure sum of money, is the potential tax deduction. Specifically, interest paid on ...

One of the eliminated measures changed tax benefits for home equity loan interest. Much of that deduction was effectively eliminated—at least through the end of 2025. However, the Internal ...

Home equity is a homeowner’s most valuable financial tool, but there are also additional tax benefits, including the HELOC interest tax deduction. Under the Tax Cuts and Jobs Act (TCJA ...

Opinions expressed by Forbes Contributors are their own. David Rae is a gay Financial Planner, president DRM Wealth Management. With the new GOP Tax Plan now in effect for 2018 many people are ...

Home equity loans and home improvement loans can fund your home remodel projects, but they serve different needs with ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Skylar ...

A credit union leader discusses the pros and cons of interest-only HELOCs and explains who may benefit from this loan type. An interest-only HELOC is a line of credit allowing borrowers to make ...

Several advantages make it a good fit, enabling the homeowner to convert a percentage of home equity into tax-free cash. The benefits include: No required monthly principal and interest payments B ...

Here are some of the key tax benefits of owning a home, and how homeowners can make the most of the new rules. New rules for deducting mortgage interest. Limited deduction for home-equity loans.

See how your home equity loan could qualify as a tax deduction here. One of the biggest benefits of a home equity loan or HELOC, besides the lower interest rate and access to a six-figure sum of ...