Rick Diamond/Getty Images) Quick Read The 2017 Tax Cuts and Jobs Act eliminated HELOC interest deductions except for substantial home improvements. A financial advisor incorrectly recommended a $50,000 HELOC for tax benefits that no longer exist. Paying interest to generate tax deductions rarely makes financial sense even when deductions apply. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than ex ...