Should the Interest paid on my Home and Home Equity Loan, as well as the Vehicle License be included in Deductions?

posted

Connect with an expert

1 Reply

Should the Interest paid on my Home and Home Equity Loan, as well as the Vehicle License be included in Deductions?

Maybe.

Interest on a Home Equity Loan would only count if the cash out was used on the home.

Vehicle tags are considered as tax (and therefore deducted) for only some states, so it depends on the state in which you tagged the vehicle.

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

Still have questions?