What types of interest rate can you deduct?

guajardo-cecilia — Tue, 04 Jun 2019 19:56:03 GMT

Can you "deduct" interest paid on credit cards? new cars?

You can deduct business-related interest expense. Person...

DawnC0 — Tue, 04 Jun 2019 19:56:04 GMT

You can deduct business-related interest expense. Personal interest on credit cards and automobile loans is not deductible. If a loan is secured by your home (such as home equity or other mortgages), that interest would be deductible as a home mortgage interest. You may also be able to deduct up to $2,500 of student loan interest paid in a given year.

topic What types of interest rate can you deduct? in Get your taxes done using TurboTax

What types of interest rate can you deduct?

You can deduct business-related interest expense. Person...