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Is interest paid on a home equity loan tax deductible?

Question : Is interest paid on a home equity loan tax deductible?
Assume the finds are used for home improvement in the state of Texas.
texas home equity loan

Best answer:

Answer by Great Scott
Generally not.

This entry was posted by admin on September 22, 2010 at 1:17 pm, and is filed under Loans & Mortgages. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.

Comments (3)
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#1 written by Frank Thosmas 1 year ago

i say yes.
I’ve received a newsletter sometime ago about “Benefits of a 125 Home Equity Loan”. They give good tips what to do, you may want to check at this

http://loan-info1.blogspot.com/2009/01/home-equity-loan.html

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#2 written by N J Reddy 1 year ago

Your question is related to United States taxation. How can you expect a good answer in Indian Taxation site.

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#3 written by Wayne Z 1 year ago

Yes.

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Is interest paid on a home equity loan tax deductible?

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