No. A loan secured by your personal residence and meeting certain other requirements is considered home equity indebtedness. For tax years 2018 through 2025, a deduction is not allowed for home equity indebtedness interest. However, an interest deduction for home equity indebtedness may be available for tax years before 2018 and tax years after 2025, with certain limitations. For qualifying tax years, interest paid on home equity indebtedness is only deductible if the proceeds of the loan are used to buy, build, or substantially improve the home securing the loan.