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Interest on Residence Equity Loans remains Deductible, however with a large Caveat

The attention paid on that home equity loan may remain income tax deductible, in some instances.

Numerous taxpayers had feared that the new income tax law — the Tax Cuts and work Act of 2017, enacted in December — was the death knell for deducting interest at home equity loans and credit lines. The loans depend on the equity at home, and they are guaranteed by the home. (Home equity may be the distinction between just what your house is really worth and your debts on your own mortgage. )

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