Tag: HELOC

HELOCS Deductible for Capital Improvements, IRS Says

Filed in Codes and Standards, Housing Finance, Remodeling by on February 21, 2018 1 Comment
HELOCS Deductible for Capital Improvements, IRS Says

In a victory for NAHB remodelers, the IRS today issued a letter clarifying changes to home equity loans and lines of credit to confirm that households may take a tax deduction when these loans are used for home improvements.

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