Getting a new car (or just new to you) can be exciting, but it also brings some pressure if you don’t have the funds to pay for the car outright — and most people don’t. Of course, financing options are plentiful for vehicle purchases for p…

Credit card interest on personal credit cards is not tax deductible, but interest on any card used exclusively for business …

It’s possible to deduct the costs of car insurance—both premium and deductible— in certain circumstances, such as if you use your car for business purposes. Your car insurance premium and your auto insurance deductible are the two main form…

Is car insurance tax deductible? You may have this question if you own a business or use your vehicle for work-related purposes. Is car insurance tax deductible? You may have this question if you own a business or use your vehicle for work-…

The student loan interest tax deduction can be tricky to calculate, so we created this calculator to help current and former students estimate the value of their student loan interest deductions along with their average tax rate, tax bracke…

When you take out a loan in your name and use the borrowed funds to purchase personal items, such as a car … usually can deduct the interest payments you make during the tax year from your …

Subscribe: Apple Podcasts | Spotify | iHeartRadio Don’t overpay taxes by overlooking these tax deductions. See the 10 most …

Unless your loan qualifies for a specific deduction, bank loan interest can’t be used to reduce your tax bill because it counts as personal interest. If the loan does qualify, you must be the one who’s legally liable for the loan. If you’re…

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Personal credit card interest, auto loan interest and other types of personal consumer finance interest are not tax deductible.  The Internal Revenue Service (IRS) provides tax …

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