Construction loan interest
Varies
Can You Write Off Construction Loan Interest?
Short answer: Yes: interest on a loan to build your home is deductible for up to 24 months before you move in.
The loan must be secured by the lot and home.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B23-00470
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Construction loan interest
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Yes: interest on a loan to build your home is deductible for up to 24 months before you move in.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes: interest on a loan to build your home is deductible for up to 24 months before you move in. The loan must be secured by the lot and home.
Category
- Personal Tax Deductions
personal deduction
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