How Do I Deduct the Interest on an Equity Line for an Investment. – One option for paying for those expenses is to use an equity loan.. To claim the deduction, you must use the proceeds of the equity line for investment.
IRS Clarifies Home Equity Loan Tax Deductions Under New Law – IRS Clarifies Home Equity Loan Tax Deductions Under New Law. 2026 and prohibits the deduction of interest paid on home equity lines of credit and home equity loans except when the funds are.
Home Equity Loan Tax Deduction | H&R Block – Home Equity Loan Tax Deduction. You can borrow money against the value of your home with a home-equity loan or a home-equity line of credit. You can secure both with a second mortgage. Both provide access of up to 100% or more of the equity in your home.