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Real Estate (Taxes, Mortgage Interest, Points, Other Property Expenses)

Question:   Is interest on a home equity line of credit deductible as a second mortgage?

Answer:   You may deduct home equity debt interest, as an itemized deduction, if all the following conditions apply:

  • You are legally liable to pay the interest
  • You pay the interest in the tax year
  • The debt is secured with your home
  • You do not exceed certain limitations

Additional Information:
Category: Itemized Deductions/Standard Deductions

Subcategory: Real Estate (Taxes, Mortgage Interest, Points, Other Property Expenses)


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The OMB number for this study is 1545-1432.
If you have any comments regarding this study, please write to:
IRS, Tax Products Coordinating Committee
SE:W:CAR:MP:T:T:SP
1111 Constitution Avenue NW
Washington, DC 20224


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Page Last Reviewed or Updated: December 04, 2008