Tag: home improvement loans tax deductible

  • Are loans for home improvements tax deductible?

    Are loans for home improvements tax deductible?

    Even in cases where home improvement loans are utilized for qualified repairs or estate improvements, they are typically not deductable from federal taxes. Home renovation loans are considered unprotected debt and are therefore not qualified for tax credits, except home equity loans, which may be tax deductible. House equity loans versus loans for house improvement…