☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Jan 26, 2022 9:49:28 AM

Cash out refinance when do home improvements need to take place

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

 

Is all refy mortgage interest still deductible?

0 1 275
1 Replies
Expert Alumni
Jan 26, 2022 9:59:49 AM

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.