What is the maximum amount of home equity indebtedness on which interest is fully deductible?
A)$100,000.
B)$200,000.
C)$0.
D)$50,000.

Question

Quizplus · Accepted Answer

The maximum amount of home equity indebtedness on which interest is fully deductible is $100,000. This means that if you have a home equity loan or line of credit, you can deduct the interest on the first $100,000 of debt but not on any additional amount.

What Is the Maximum Amount of Home Equity Indebtedness on Which