Mortgage Interest Deductions | Home Equity Loans Interest ...

Are You Getting the Home Tax Deductions You're Entitled To?

Spend Loan Proceeds Wisely

The other limitation comes into play when you take out a home equity loan or HELOC, even if you don't use the proceeds to buy, build, or improve your home. In that case, you can deduct interest on up to $100,000 ($50,000 if married filing separately) on outstanding home equity debt. This loan limit also applies...