Search Our Online Directory

  • Home
  • Mortgages
  • Home Loans
  • Buying a Home
  • Credit
  • Equity
  • Foreclosure
  • Refinance
Resources
  • Apply for Home Loan
  • Home Loan Calculator
  • Mortgage Companies
  • VA Home Loan
  • Interest Rates
  • Debt Consolidation
Popular Searches
  • Bad Credit
  • Home Maintenance
  • 30 Year Mortgage Rate

Is Home Equity Line of Credit Interest Tax Deductible?

by HomeLoan.com
Home equity lines of credit that are secured by a primary residence or a second home are tax deductible as long as the legal limit isn't reached. The current limit for deductible home debt on first and second homes is $500,000 for a couple filing separately or $1 million if filing jointly.

References

  • IRS Deductibility Rules


Featured Articles
  • Are Home Equity Lines of Credit Tax Deductible?Only the interest on a home equity line of credit is tax deductible, not the entire amount of the ...
  • How Bad Credit Home Equity Loans WorkA home equity loan represents money borrowed against up to 85 percent of the equity in a house. Bad credit ...
  • Home Equity FAQTwo lending options available to homeowners are home equity loans and home equity lines of credit. Each of these options offers a ...
  • About VA Home LoansVeterans of the United States Armed services are eligible to receive loan money to buy a home with a VA loan. As long as you ...
  • How to Get a House Loan With Bad CreditIf you have bad credit, purchasing a new house may seem like an impossible task. Lenders do not like risks ...
Contact Us

Images courtesy of Images_of_Money, trenttsd, RambergMediaImages

Sitemap | Privacy Policy

Copyright © 2023 HomeLoan.com

Inquire about this domain
800-249-7000
Inquire@WebName.com