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State tax filing
In general, consumer loan interest (personal loan) is not tax deductible.
Only if the loan is secured by your home (such as home equity or other mortgage) the interest would be deductible as a home mortgage interest.
Some lenders, when offering a mortgage loan, include a range of home improvements in the loan, such as solar panel systems. Since the mortage is secured debt (by your home) the interest would be tax deductibe.
May 31, 2019
5:00 PM