HELOC

By Terry Savage on March 24, 2018 | Taxes & Economy

Hi Tarry, I read your article in the UT-SD today about HEloc interest deductability. If my HELOC was originated and has principal amount was 65k, will that interest be deductable under new tax law regardless of how the money is used? thanks

Terry Says

Yes.  The new law applies only to HELOCs taken out in 2018 and beyond.

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