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:
Fabrics of contemporary colors and textures and suitable and appealing on old chairs. Modern lighting and ventilation enhance otherwise traditional rooms.
This project included a full gut kitchen remodel with new cabinets, countertops, tile backsplash, flooring, appliances, fixtures and a fresh coat of paint....