Famous Home Equity Loan Interest Deduction Examples 2022. For example, if you rented the home out for 60 days, you need to have lived there for at least 66 days. For example, if you have a first mortgage that is $300,000 and a.

Examples of how much heloc interest you can deduct as noted above, if you’re married and filing a joint return, you only can deduct interest on $1 million or less of home. You can only deduct interest payments on principal loans of up to $750,000 if married but filing jointly and $375,000 if you’re filing independently if you bought a home after december 15 th,. Replacing the roof or siding.



