Your Money Adviser: Interest on Home Equity Loans Is Still Deductible, but With a Big Caveat

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The I.R.S. says that if the loan is used for home improvements, you can still claim the deduction. But if you’re paying off credit card debt, you can’t.

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#personal finances
#mortgages
#internal revenue service
#home equity loans
#real estate and housing residential
#tax credits deductions and exemptions
#federal taxes us