Here are three important items to remember about home equity loan tax deductions: The interest paid on your home equity loan can be deducted from your taxes – not the total loan amount.

Looking to access some cash to fund a home improvement project, pay down debt or accomplish another goal? If you own a home with sufficient home equity, you may be able to tap it for the money you ...

Home equity loans and HELOCs have lower interest rates than credit cards, encouraging some homeowners to use them to pay off ...

How does the Tax Cuts and Jobs Act's impact home ... You can claim the interest paid on a home equity loan as a deduction if that debt is used to build, purchase or improve your home.

If you want to claim the deduction for a home equity loan or HELOC ... includes the total amount of loans on your primary and secondary residences. The Tax Cuts and Jobs Act of 2017 nearly ...

even if you purchased the home prior to Dec. 16, 2017. For homes purchased after the above date, the allowable mortgage interest tax deduction drops to interest paid on the first $750,000 for ...

This tax season, my household is claiming ... You can also generally deduct interest from a home equity loan or home equity line of credit as long as you used the funds to buy, build or improve ...

Home improvement loans generally aren’t eligible for federal tax deductions, even when used for eligible renovations or property improvements. Unlike home equity loans, which can be tax ...

One of the most valuable tax deductions for homeowners is the mortgage interest deduction, which applies to interest paid on a qualified home loan. The deduction is available for mortgage loans of ...

Home equity loans and HELOCs are good options for homeowners ... Talk with a tax professional to learn whether your uses qualify for tax deduction. How much does a 1% drop in rates really matter?