My brother is able to deduct the interest he pays on his farm equipment, and I’m able to deduct the interest I pay on a student loan… so I was wondering if anyone knows if it’s possible (or legal) to deduct the interest paid on an car loan come tax time?
Posts Tagged ‘Deduct’
Can You Deduct Interest Paid On An Car Loan From Your Taxes?
February 20th, 2010Can You Deduct Interest Froman Auto Loan On Your Taxes?
December 27th, 2009I have 20 % intrest rate on my auto loan. (Yes i had Credit troubles in the past) Anyway i paid nearly 2000.00 in interest last year is that deductable? I know i can use my mortgage interest. But i was curious about the auto loan.
Can I Deduct Land Loan Interest If I Place A Trailer On The Property?
October 31st, 2009I purchased 20 acres in northern Idaho and am carrying an 8yr interest-only loan at $670/month. I am planning to retire early (age 55) in 8yrs and plan to use this land to build my retirement home. In the meantime, I want to use it as a second home by permanently leaving my travel trailer on the property. Once I do this, can I deduct the interest of the trailer PLUS the interest on the land loan?
I Refinanced My Home Loan This Year. Can I Tax Deduct The Mortgage Interest On The Old Loan And My New Loan?
September 2nd, 2009I paid off a great deal of interest on the original loan and just want to be sure before I attempt to deduct it.
