Question : Can I refinance my primary home at 100% and use all of the new amount as a interest tax deduction?<br/>JA: Which tax year is the deduction for?<br/>Customer: 2019<br/>JA: Anything else you want the Accountant to know before I connect you?<br/>Customer: No
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Answer : It depends. With the new tax law that was passed at the end of 2017, the proceeds of the refinance must technically be used to improve the house.
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