Q: "Do I have to pay taxes on ''cash'' from the equity in my home received from just refinancing my home?"
No. The IRS doesn’t view the money you take from a cash-out refinance as income – instead, it’s considered an additional loan. But, as @Mike9241 pointed out, there are certain rules you must follow in order to claim the mortgage interest deduction.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
