Home Equity/HELOC Interest

Please remember, starting this year interest paid on home equity loans and home equity lines of credit (HELOC) are no longer deductible on Schedule A of your taxes unless you used the proceeds to pay for home renovations or additions. See this article from WAPO for further explanation.

www-wsj-com.cdn.ampproject.org/c/s/www.wsj.com/amp/articles/your-home-equity-loan-may-now-be-a-lot-more-expensive-1529055001

Leigh Ann

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