Home equity loan interest
Varies
Can You Write Off Home Equity Loan Interest?
Short answer: Same rule as a HELOC: deductible only when the money improved, bought, or built the home.
Keep receipts showing how the loan proceeds were spent.
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-B22-00112
medium risk
Home equity loan interest
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Same rule as a HELOC: deductible only when the money improved, bought, or built the home.
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
Same rule as a HELOC: deductible only when the money improved, bought, or built the home. Keep receipts showing how the loan proceeds were spent.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
home mortgage
mortgage interest