Can we deduct HELOC vehicle interest? Besides paying of the existing loan, it includes home repairs, buy anything from vehicles to groceries, pay off other debt, etc.

devries92 · ‎April 14, 2025

This was noted in the Deductions & Credits tab.

DaveF1006

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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DaveF1006

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

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

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Can we deduct HELOC vehicle interest? Besides paying of the existing loan, it includes home repairs, buy anything from vehicles to groceries, pay off other debt, etc.