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 ‘Taxes’
Can You Deduct Interest Paid On An Car Loan From Your Taxes?
February 20th, 2010How Does Selling My Land Affect My Taxes And Ability To Take Out A Student Loan?
February 16th, 2010I have a vacant lot, and I need to sell it, but I’m not sure how that would affect my tax status for the next year. I normally don’t have to pay any taxes, so would that affect my getting a refund? Also, I will be applying for student loans soon, and I would like to know if that would make me less eligible to take out a stafford/private student loan?
Thanks so much for any advice.
Can 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.
How Do I Report A Subsidized Student Loan I Received In My Taxes?
October 17th, 2009I received a lsubsidized CHASE student loan to the effect of $23955 in 2007 that has accrued interest of $635.29. How do I report this on my taxes? Any help would be greatly appreciated!
Can You Get Away With Taking The Loan Origination Fee On A Refinance On Your Taxes?
September 27th, 2009I know your supposed to extend it over the life of the loan but has anyone ever tried this and got away with it. I know its wrong but the IRS sucks and I don’t care. I just was wondering if I would get a letter if I took the whole amount?
