The Best Home Equity Loan Can't Deduct Interest References. So if you paid $3,000 toward your home equity loan last year but only. The irs has clear limitations concerning when you can (and can’t) deduct mortgage interest.

So if you paid $3,000 toward your home equity loan last year but only. The loan or line of. According to the irs, mortgage interest on a home equity loan is tax deductible as long as the borrower uses the money to buy, build or improve a home.




