Even Though You Don't Use the Proceeds to Improve Your

question 80

True/False

Even though you don't use the proceeds to improve your home,the interest on a home equity loan is deductible from your federal income taxes.

---

Definitions:

Nation

A large group of people united by common cultural, linguistic, or historical ties and often occupying a distinct territory or state.

UN Security Council

A principal organ of the United Nations, charged with maintaining international peace and security, and capable of making binding decisions that member states must implement.

Permanent Members

Refers to the five countries with veto power in the United Nations Security Council: China, France, Russia, the United Kingdom, and the United States.

Veto

The constitutional right of a president, governor, or similar authority to reject a decision or proposal made by a law-making body.