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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?


To: Smart_Asset who wrote (21974)11/5/2025 3:18:30 PM
From: cemanuel  Read Replies (1) | Respond to of 23570
 
Maybe we're using the acronym for different things. I'm talking about a Home Equity Line of Credit and every year I add the interest from it to my mortgage interest when I itemize my deductions on my Federal taxes. But I used it to build a pole barn - property improvement. My understanding is that if you use it to, for example, pay for college, then you can't deduct it.