Is HELOC interest tax deductible? It can be if the funds are used for eligible home improvements and meet IRS requirements. Learn more with this guide.

If you want to deduct the interest, you can use the figures from the 1098 form sent by your mortgage company. If you don't receive a 1098 form, that may mean that you paid less than $600 in interest.

If you are married and filing separately, your allowable mortgage interest deduction is limited to interest paid on the first $500,000, even if you purchased the home prior to Dec. 16, 2017.

"Generally, you can deduct the home mortgage interest and points reported to you on Form 1098 on Schedule A (Form 1040), line 8a," the IRS continues to explain online.

Mortgage interest deductions can save you more come tax time. If you have a home mortgage, checking whether you qualify for a mortgage deduction could help you save a thousand dollars or more.

You can deduct mortgage interest on a second home as long as it is a qualified home per IRS guidelines. Learn if your second home is considered a "qualified home" and how this tax deduction works.

Mortgage points — If you paid points to reduce your home loan’s interest rate, you may be able to deduct them on your itemized taxes. Taking out a home loan can be costly, especially when you ...

If you rent out your second home for a portion of the year, you'll be able to deduct the interest you paid as long as you stayed in the home yourself for the greater of: More than 14 days ...

Vault’s Viewpoint The mortgage interest deduction is available on interest paid on the first $750,000 of mortgage debt for primary and second homes for married couples filing jointly. The limit ...

The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know.

You can deduct the interest you paid on the first $750,000 of your mortgage. For married couples filing separately, the limit is $375,000, If you took out your mortgage between Oct. 13, 1987, and ...

"Generally, you can deduct the home mortgage interest and points reported to you on Form 1098 on Schedule A (Form 1040), line 8a," the IRS continues to explain online.