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Are there tax advantages with a Home Equity Line of ChoiceSM or Home Equity Loan?

April 26, 2017advantages CHOICEsm home equity line loan tax

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Are there tax advantages with a Home Equity Line of ChoiceSM or Home Equity Loan?

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Yes, in many cases. You may be eligible to deduct up to 100% of the interest you pay on your HSBC Home Equity Account. However, because individual circumstances affect tax situations, you should talk to your tax advisor about your home equity interest deduction.