Question

 Is a home equity line of credit (HELOC) tax deductible?

Answer The interest on a home equity line of credit (HELOC) is tax deductible up to a limit. To claim the deduction, you must file your taxes using Form 1040 with attachment Schedule A.What is a HELOC?A H... Read More »
http://www.answerbag.com/q_view/1869966

Top Q&A For: Is a home equity line of credit (HELOC) tax ded...

What is Home Equity Credit Line of Credit (HELOC), whst is the advantage and disadvantage of that?

A Home Equity Line of Credit is a line of credit based on the precentage of your home you have already paid for. For Ex. you have a loan for $100,000 and you have paid 30,000 of it off and owe $70... Read More »
http://answers.yahoo.com//question/index?qid=1006060300716

Is a home equity line of credit tax deductible?

If you have high-interest loans, a home equity line of credit may be advantageous--not only is the interest rate lower, but it may be tax deductible as well. If you already use a Schedule A, you ca... Read More »
http://www.answerbag.com/q_view/1883120

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »
http://www.answerbag.com/q_view/1883290

Are home equity lines of credit tax deductible?

Only some of the interest on home equity lines of credit is tax deductible. The amount you can deduct depends on your filing status and how you use the proceeds of the loan.Interest LimitsFor most ... Read More »
http://www.answerbag.com/q_view/1870398


feedback
loading