The new Tax Act suspends the deduction for interest on home equity loans. Starting for 2018, a taxpayer may not claim a deduction for interest on home equity indebtedness. The suspension ends for tax years beginning after December 31, 2025.
The new Tax Act suspends the deduction for interest on home equity loans. Starting for 2018, a taxpayer may not claim a deduction for interest on home equity indebtedness. The suspension ends for tax years beginning after December 31, 2025.