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February 3, 2022
Question

Is a home equity loan tax deductable if using standard deduction?

  • February 3, 2022
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1 reply

February 3, 2022

No.  your options are to itemize or take the standard deduction. home equity interest, if deductible, would be an itemized deduction.

 

 

there would be an exception if the loan was on rental property. but there are rules for that.