Interest on a Home Equity Line of Credit (HELOC) is only tax-deductible if the funds are used to buy, build, or substantially improve the home that secures the loan. This means that if you use HELOC funds for home repairs or renovations, the interest may be deductible.
However, if the funds are used for purchasing a vehicle, groceries, paying off other debt, or any personal expenses, the interest is not deductible
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