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Home equity loan interest deductibility has changed


Home equity loan interest deductibility has changed

Congress cracked the whip on home equity interest tax deductions in 2018. Now only loans used to buy, build or improve your home will be deductible. That means if you used a home equity loan to consolidate debt or fund a purchase that was not related to your home, you can no longer deduct the interest.

As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.

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