IR-2018-32: Interest on Home Equity Loans Often Still Deductible Under New Law
One of the most-often asked questions we receive about The Tax Cuts and Jobs Act is the deductibility of interest on home equity lines of credit (HELOC) and second mortgage. Here is some information regarding that question. It doesn’t answer all possible scenarios but it does offer some guidance.
Please feel free to call us and we’ll be happy to speak with you about this important issue.