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You're allowed to take a tax deduction for some types of interest payments, but unfortunately,Credit Card Interest is not among them. The tax code classifies the interest you pay on credit cards as "personal interest," a category that hasn't been deductible since the 1980s.
You're allowed to take a tax deduction for some types of interest payments, but unfortunately,Credit Card Interest is not among them. The tax code classifies the interest you pay on credit cards as "personal interest," a category that hasn't been deductible since the 1980s.
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