HELOC interest
Varies
Can I Deduct HELOC Interest?
Short answer: Only if you used the HELOC to buy, build, or substantially improve the home that secures it.
HELOC money used for a car, tuition, or debt payoff is not deductible; the $750,000 total debt limit still applies.
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-B22-00111
medium risk
HELOC interest
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Only if you used the HELOC to buy, build, or substantially improve the home that secures it.
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
Only if you used the HELOC to buy, build, or substantially improve the home that secures it. HELOC money used for a car, tuition, or debt payoff is not deductible; the $750,000 total debt limit still applies.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
home mortgage
mortgage interest