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HOME EQUITY LOANS AND TAXES - AM I ABOUT TO GET HIT HARD?
Just got a home equity loan to finally redo our kitchen (goodbye, avocado green cabinets, lol). But now I'm hearing mixed things about taxes. Some friends say the interest is deductible, others say it's not anymore after recent changes. Um...I'm kinda confused and don't wanna mess up my taxes next year. Anyone dealt with this recently or know what's actually true?