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Car loan interest isn’t the only tax-deductible expense for business vehicles. If you don’t use the standard mileage rate, you may be able to deduct actual car expenses. According to the IRS ...
The former president on Thursday proposed making interest on auto loans tax-deductible, an idea that is similar to the mortgage interest deduction, which allows some homeowners to reduce their ...
Personal loans: If the proceeds from a personal loan are used for business needs or expenses, the interest is tax-deductible. If you use just a portion of a personal loan for business expenses and ...
The 1986 Act limited interest expense deductibility to mortgage interest, as well as interest on home equity loans. More: Some auto lease deals give consumers a way to save $200 or so on monthly ...
The 1986 Act limited interest expense deductibility to mortgage interest, as well as interest on home equity loans. Car loans: You can get a car with a bad credit score, but it could cost $10,000 more
There are dozens of self-employment tax deductions, including advertising, retirement contributions, health insurance, self-employment tax deduction, travel expenses, business insurance, car ...
The plan on car loans - which would treat interest paid on vehicle loans like home mortgages on federal tax returns - is the latest in a long string of potential tax cuts the former U.S. president ...
“I want it to benefit us,” the Republican nominee added.
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