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Home equity loans are typically not deductible for state income tax purposes unless they are used for specific purposes like home improvements or medical expenses. Consult with a tax professional to confirm if your specific home equity loan qualifies for any deductions. ## Key Considerations and Common Scenarios Discover more about this https://tradeprofinances.com/mortgage/is-mortgage-interest-tax-deductible-in-california/ **2. Second Homes and Investment Properties:** ## The Basics of the Mortgage Interest Deduction * **Property Tax Deduction:** The federal government allows a deduction for state and local taxes, including property taxes, up to a certain limit. This deduction can indirectly impact your mortgage interest deduction as it can affect your overall tax liability. ## Navigating the Complexity