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Your Mortgage Could Be Costing You More in Taxes Than You Think

Your Mortgage Could Be Costing You More in Taxes Than You Think

Most contractors don’t realize this, but your mortgage might be costing you way more in taxes than it should.

After tax reform, mortgage and HELOC interest rules changed — and a lot of business owners never caught up. The result? Lost deductions and unnecessary IRS checks.

Here’s the key takeaway:
The IRS doesn’t care where the loan is secured.
They care how the money is used.

That’s called interest tracing.

Use equity for personal spending? No deduction.
Use it for your business or investments — with clean documentation? Very different story.

This is one of the most powerful (and misunderstood) tax strategies contractors have — especially if you own property, refinance, or use HELOCs.

If you’re guessing instead of planning, you’re probably overpaying.

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