I Was Told to Take Out a HELOC for Tax Write-Offs, but Now I’m Questioning It

247wallst.com/personal-finance/2025/11/23/i-was-told-to-take-out-a-heloc-for-tax-write-offs-but-now-im-questioning-it

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The Tax Cuts and Jobs Act of 2017 eliminated the mortgage interest deduction for home equity loans unless funds are used to improve the home.

Paying interest to gain a tax deduction rarely makes mathematical sense because the interest cost exceeds the tax savings.

This story appeared on 247wallst.com, 2025-11-23 14:39:46.
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