Your Home Equity Loan Might Still be Deductible in 2018

With the new tax law now in place, you can still deduct your interest on home equity loans that are at or below $100,000, if the loan was used to buy, build or substantially improve your home.

So if you took out a $25,000 home ‘equity’ loan to remodel your kitchen, that interest could still be deductible as an itemized tax deduction.

There could also be other options to deduct that interest depending on the use of the loan monies.