+12 2018 Home Equity Line Of Credit Interest Deduction Ideas. Turbo tax calculation for deductible interest =. Up until the end of 2017, borrowers could deduct interest on home equity loans or homes equity lines of credit up to $100,000.

Turbo tax calculation for deductible interest =. This only applies to homes purchased since december 16 th, 2017. Taxpayers used to be able to take a home equity loan or tap into a home equity line of credit spend the money on.