cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Can I deduct interest on a home equity line of credit for 2018 taxes?

HELOC interest is currently tax deductible if itemizing federal income taxes. Is HELOC interest still tax deductible under the new tax law for 2018 taxes?

1 Best answer

Accepted Solutions
Level 12

Can I deduct interest on a home equity line of credit for 2018 taxes?

Interest from home equity loans is unfortunately no longer deductible in 2018.

4 Replies
Level 12

Can I deduct interest on a home equity line of credit for 2018 taxes?

Interest from home equity loans is unfortunately no longer deductible in 2018.

Level 1

Can I deduct interest on a home equity line of credit for 2018 taxes?

The IRS just published new guidance on this topic on 2/21/2018.  I believe the answer might be different now depending on how the funds are used.
Level 1

Can I deduct interest on a home equity line of credit for 2018 taxes?

Will Turbo Tax update their software to reflect this?
Level 1

Can I deduct interest on a home equity line of credit for 2018 taxes?

They should, if the HE line is used for home improvement, then it is still deductable