can you write off home equity loan on your taxes
Interest Expenses. Paying interest throughout the tax year can have a significant impact on your income taxes. Interest that you can write off includes home mortgage interest, investment interest and mortgage insurance premiums.All home mortgage interest paid on your main or secondary home, including first and second mortgages and home equity loans, are deductible.nterest Expenses. Paying interest throughout the tax year can have a significant impact on your income taxes. Interest that you can write off includes home mortgage interest, investment interest and mortgage insurance premiums.