December 6, 2024

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Home Acquisition Debt 2025

Home Acquisition Debt 2025. The transaction is expected to close by the middle of 2025. Most homeowners can deduct all of their mortgage interest.


Home Acquisition Debt 2025

Mortgage interest is usually deductible, but personal interest isn’t. If you borrow money via a home equity loan or line of credit and use the proceeds for significant home improvements, the debt can be treated as an acquisition debt, instead of a.

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