Will the interest paid on a home equity loan be deductible under the new tax law?
- February 8th, 2019
- David Greene
- Comments Off on Will the interest paid on a home equity loan be deductible under the new tax law?
The answer really depends on the purpose for which you used the loan proceeds. The new tax law suspended from 2018 to 2026 the deduction for interest paid on home equity loans, home equity lines of credit and second mortgages. However,…