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Education
It’s not a deductible expense unless the loan is secured by a lien or mortgage on your home, such that the bank could foreclose if you stopped making payments.
The cost of the ramp could be a medical expense deduction but the interest is not. You would claim the full cost as of the date it was installed, not when you make payments.
The cost of the ramp could be a medical expense deduction but the interest is not. You would claim the full cost as of the date it was installed, not when you make payments.
June 3, 2019
11:28 AM