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 ‘Paid’
Can You Deduct Interest Paid On An Car Loan From Your Taxes?
February 20th, 2010How Is The Interest Paid On Educational Loan Calculated From The Repayment?
January 25th, 2010I repaid rs 34000/- towards my educational loan so far this year. How can I calculate the interest paid towards the loan as that is the amount which can be used for tax rebate? when I asked the bank for tax certificate, they simply add up the interest charged to the account in the year which I think is wrong as the rebate is for the interest paid and not the interest charged.Please help.
How Long After The Delinquent Student Loan Is Paid Off, Can I Apply For Another One?
August 2nd, 2009i have a delinquent student loan that is being taken out of my check and is wondering how long after the delinquent student loan is paid off can i apply for another one…or am i not eligible for one anymore?
Will A Loan That Is Paid Off Continue To Effect My Credit Score?
July 31st, 2009I just paid off my car loan. I was never late on a payment and I see on my credit report is listed under a possitive account category. Will this loan be considered for years to come in determing my credit score. Or once a loan is paid off is it like it doesn’t exsist?
