A Home Equity Line of Credit (HELOC) is a revolving loan that allows homeowners to borrow against the equity in their home. Unlike a traditional loan, you can borrow and repay during the draw period.
Rachel Witkowski is an award-winning journalist whose 20-year career spans a wide range of topics in finance, government regulation and congressional reporting. Ms. Witkowski has spent the last decade ...
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Is HELOC Interest Tax Deductible? A Complete Guide
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 ...
Rachel Witkowski is an assigning editor of mortgages and loans for Forbes Advisor US. Rachel, located in Washington, DC, has more than a decade of experience covering financial news at outlets ...
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