https://ttlc.intuit.com/community/taxes/discussion/re-heloc-interest/01/3103987#M1138480 <P>Hello Turner</P> <P>&nbsp;</P> <P>You are correct the portion used for the home can be deducted as mortgage interest.</P> <P>When you are entering the 1098 into TurboTax it will ask if it was a refinance, and how much was used on home improvements, The program will do all the calculations for you.</P> <P>&nbsp;</P> <P>&nbsp;</P> Wed, 25 Oct 2023 18:14:35 GMT John-H2021 2023-10-25T18:14:35Z https://ttlc.intuit.com/community/taxes/discussion/heloc-interest/01/3103733#M1138479 <P>Hello,</P><P>&nbsp;</P><P>I took a HELOC loan out for $175k back in 2022. &nbsp;I used some of the funds to clear debt, but I also spent $100k on home improvements that I have receipts for.</P><P>&nbsp;</P><P>From what I’ve read you are only allowed to deduct HELOC interest for funds that went towards home improvements. &nbsp;Since I spent $100k of the $175k on home improvements, am I able to deduct the interest on the $100k portion of the loan (roughly 57%)?</P><P>&nbsp;</P><P>Thank you</P> Tue, 24 Feb 2026 07:36:25 GMT https://ttlc.intuit.com/community/taxes/discussion/heloc-interest/01/3103733#M1138479 Turner08 2026-02-24T07:36:25Z https://ttlc.intuit.com/community/taxes/discussion/re-heloc-interest/01/3103987#M1138480 <P>Hello Turner</P> <P>&nbsp;</P> <P>You are correct the portion used for the home can be deducted as mortgage interest.</P> <P>When you are entering the 1098 into TurboTax it will ask if it was a refinance, and how much was used on home improvements, The program will do all the calculations for you.</P> <P>&nbsp;</P> <P>&nbsp;</P> Wed, 25 Oct 2023 18:14:35 GMT https://ttlc.intuit.com/community/taxes/discussion/re-heloc-interest/01/3103987#M1138480 John-H2021 2023-10-25T18:14:35Z