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Dave Ramsey says there's no tax write-off on a HELOC

Homeowners looking for tax breaks often hear conflicting advice about whether interest on a home equity line of credit still qualifies. When a high-profile money coach like Dave Ramsey flatly tells ...
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Dave Ramsey: ‘There’s No Tax Write-Off for a HELOC’ When Used for Everyday Spending

The 2017 Tax Cuts and Jobs Act eliminated HELOC interest deductions except for substantial home improvements. A financial advisor incorrectly recommended a $50,000 HELOC for tax benefits that no ...