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Most people still think all home equity line of credit (HELOC) interest is tax deductible, but since 2018 the IRS only allows a deduction if the money is used to buy, build, or improve the home that secures the loan. If you used your HELOC to pay off credit cards, buy a car, or take a trip, that interest usually isn’t deductible and assuming it is can cause real problems at tax time. 📌 Comment “SAVE” and I’ll send you a simple list of tax savings strategies related to your mortgage that you can
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