With the implementation of the new tax code, 2018 is the last year you can take a deduction for interest paid on your HELOC or HELOAN.  People have traditionally tapped into home equity to pay for renovations, tuition, pay off credit cards, buy a car or pay for a medical emergency.  And you can still use your HELOC for all those reasons and more – you just can’t take a deduction for the interest paid.  Read on to understand the details:

The HELOC Interest Deduction Is Dead
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