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Is Credit Card Interest Tax Deductible?

Is Credit Card Interest Tax Deductible?

Submitted by • December 18, 2019 creditlogin2.com

Let us see what type of credit card interest is deductible. As per IRS rule, interest paid on credit card purchases solely made for business expenses qualify for tax deduction. Another thing you have to keep in mind is that interest paid on personal expenses made through a business credit card is not tax deductible too.

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Voted by kavitaj7878

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