Cash out refinance when do home improvements need to take place

1 reply
15 views

Started the contract paperwork, but due to COVID won't have project underway until 2022.

Is all refy mortgage interest still deductible?

DianeW777

Alumni - Intuit

Assuming the refinance loan is secured by your main home, there is not date the improvements need to take place. The mortgage interest is deductible in full as long as your mortgage loans in total do not exceed $750,000 in debt.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Cash out refinance when do home improvements need to take place

1 reply

Unlock tailored help options in your account

Get answers to all your tax questions

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO