Tax Deductions on Home Equity Loans and HELOCs: What You Can (and Can’t) Write Off

Do you have a home equity loan or home equity line of credit (HELOC)? Homeowners often tap their home equity for some quick cash, using their property as collateral. But before doing so, you need to understand how this debt will be treated come tax season. With the 2018 Tax Cuts and Jobs Act, the rules of home equity …

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