Even though you don't use the proceeds to improve your home, the interest on a home equity loan is deductible for federal income tax purposes.

Name: Even though you don't use the proceeds to improve your home, the interest on a home equity loan is deductible for federal income tax purposes.
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The interest on a home equity loan is generally deductible for federal income tax purposes only if the loan is used to buy, build, or substantially improve the taxpayer's home that secures the loan.

Even Though You Don't Use the Proceeds to Improve Your