The attention paid on that home equity loan may nevertheless be income tax deductible, in some instances.
Numerous taxpayers had feared that the new tax law — the Tax Cuts and work Act of 2017, enacted in December — had been the death knell for deducting interest from your home equity loans and personal lines of credit. Continue reading “Interest on Residence Equity Loans continues to be Deductible, however with a large Caveat”