Yes, home equity line of credit (HELOC) interest is tax-deductible — but only if the funds are used to buy, build or substantially improve your home. According to the IRS, interest is only deductible ...

The TCJA was critical in lowering the marginal rates for individual taxpayers and the tax rate for corporations. However, the law put in place a limitation on interest deductibility equal to 30 ...

The government stopped allowing a tax deduction for credit card interest with the Tax Reform Act of 1986. Interest on student loans, mortgages, home equity loans and business expenses are still ...