Home Equity Line of Credit Archives

Knott Learning

Save Taxes With a Home Equity Line of Credit

In general, taxpayers that purchase a home are allowed to deduct the mortgage interest expense as an itemized tax deduction. In certain cases, interest from a HELOC may also be tax deductible.

Jason Knott2024-07-26T11:27:02+00:00Tags: Form 1040, Home Equity Line of Credit, Itemized Deductions, Schedule A|

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