Sentences with phrase «interest paid on home equity loans beginning»
Deductibility on Home Equity Loans The new law states that taxpayers will no longer be able to deduct interest paid on home equity loans beginning in 2018, unless the funds are being used to significantly improve the residence.
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Interest on home equity loans will no longer be deductible beginning in 2018, if the loan was used on things like paying for college tuition, taking a vacation or buying a new car.