Question: are heloc loans grandfathered in?
Answer: Under the new law, home equity loans and lines of credit are no longer tax-deductible. ... If you used a HELOC for home improvement before December 15, 2017, it would be grandfathered in to the $1 million limit. However, if you spent the money on December 15, 2017 or later, you'd be subject to the $750,000 limit.