Can you deduct interst paid on credit cars?

 

Deductions & credits

No. Personal credit card interest is not deductible.

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DianeW
Expert Alumni

Deductions & credits

This can be deducted only if you have a business where you are charging expenses for your business.  This is not an allowable deduction on your personal return.
Although if you charge contributions, as example, a deduction is considered paid when you make the charge, not when it is paid.  The reason is that it is considered paid on the day charged.