Using A HELOC To Remodel? You Can Still Write Off the Interest
A new article by Craig Webb of Remodeling Magazine is helping to clarify whether interest on a HELOC is still a deductible expense. According to the new law it depends on what you are using it for. For homeowners looking to remodel their homes the news is good as the IRS has stated that you can deduct the interest if the money was used to build or substantially improve your home.
Here is a link to the article:
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This client had us design and build a newly updated master bathroom (updating it from the original 2001 design). They were looking for a modern spa-like experience and our design team was able to deliver in spades....