Can I deduct the interest I paid on my 2nd on my taxes?

Probably not. The rule changes on the deductibility of interest came about in 2017. The rule, suspends the deduction of interest on a Second mortgage (Loan or HELOC) UNLESS the proceeds were used to acquire (or build) , or make substantial improvements to your primary residence. I have been told that if you make substantial improvements to the home that would qualify the interest would NOT be deductible if you paid for the improvements with a credit card, and then pay the card off with an advance from the loan or HELOC. You must pay the provider of the improvements DIRECTLY from the loan or the HELOC. You should double check with your tax professional before making the decision to include or exclude any mortgage interest. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

The best answer is to consult your tax advisor. Those of us answering questions here are mortgage Loan Officers, not tax experts.