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Cool Home Equity Loan Tax Deduction 2016 References. In tax years 2018 until 2026, home equity loan interest is only deductible if you use the loan proceeds to buy, build, or substantially improve the home. However, married taxpayers filing separately can deduct interest on loans for a maximum of $500,000.

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In 2018, the scope of the deduction narrowed to cover only the situations above. According to the new rules, if you are married and file jointly, you can deduct up to $750,000 of home equity loan interest. If you are an individual filer, you are limited to $375,000.

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He then spent time with all. Abagnale lives on daniel island near charleston, south carolina, with his wife kelly. They have also lived in tulsa, ok and severn, md.

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