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2. How to write off repayment of a business loan - AOL

   www.aol.com/finance/write-off-repayment-business...

   Types of business loans with tax-deductible interest payments The interest on various types of business loans can potentially be used as a write-off. In some cases, there are rules surrounding how ...

3. What Is a 1040 Tax Form? 3 Things To Know Before You File - AOL

   www.aol.com/1040-tax-form-3-things-001143148.html

   Individuals who claim certain deductions have to complete and include a Schedule 1 form with the 1040. Some common deductions include student loan interest, business use of your home and donations ...

4. 20 valuable small-business tax deductions - AOL

   www.aol.com/finance/20-valuable-small-business...

   Bankrate insight. A marketing business owner travels across the U.S. to meet clients. In 2023, they traveled 5,000 miles in total. They can deduct $3,275 ($0.655 for 2023 standard mileage rate x ...

5. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   Adjusted gross income is gross income less deductions from a business or rental activity and 21 other specific items. Several deductions (e.g. medical expenses and miscellaneous itemized deductions) are limited based on a percentage of AGI. Certain phase outs, including those of lower tax rates and itemized deductions, are based on levels of AGI.

6. Are personal loans taxable? How personal loans affect your ...

   www.aol.com/finance/personal-loans-affect-tax...

   Interest payments on student loans, mortgages and business loans can be reported as tax deductions. However, personal loan interest payments only qualify as tax-deductible under certain circumstances.

7. How Can I Reduce My Taxes? Your Tax Questions, Answered - AOL

   www.aol.com/reduce-taxes-tax-questions-answered...

   You betcha: If you paid on student loans in the prior tax year, you might qualify for the student loan tax deduction, which allows borrowers to deduct up to $2,500 in interest they paid from their ...

8. Is Car Loan Interest Tax Deductible? - AOL

   www.aol.com/finance/car-loan-interest-tax...

   Car loan interest is tax deductible, but only if you're a business owner or self-employed. Find out how to file your taxes if you own a car for business.

9. Is HELOC Interest Tax Deductible? - AOL

   www.aol.com/heloc-interest-tax-deductible...

   The funds are used to pay personal living expenses, such as paying down credit card debt, student loans, purchasing a car or going on a vacation. ... Claim the HELOC deduction on Schedule A (Form ...