Aug-27-2008
Is the interest you pay on personal loans tax deductible?
We had two personal loans this year totaling around $8,000 with interst of about 800. Is this tax deductible?
We had two personal loans this year totaling around $8,000 with interst of about 800. Is this tax deductible?
Not since 1986
No, credit cards, car loans, etc. have no tax advantages whatsoever. When you pay off a school loan, there are some tax write-offs. so, it depends on the kind of personal loan…
no
Add A Comment