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Q: Can you deduct credit card interest?
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Related questions

Can your employer deduct credit card fees from your wages?

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When were taxpayers allowed to deduct credit card interest from their adjusted gross income?

I think it was about 1986...the Regan years...that the law was changed and interest that wasn't part of a mortgage stopped being deductible.


Can you write off credit card interest on your taxes?

Is there a way to write off credit card interest on corparation credit card?


When can you deduct expenses paid by credit card?

Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.


What is an advantage of having an interest rate credit card?

The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.


What is the interest on an express credit card?

The interest on an express credit card is 8.7%. They are not a very good alternative to a regular credit card such as a visa or mastercard because the interest is very high.


What is the lowest credit card interest rate?

The lowest credit card interest rate at the moment is 7.8%. The credit card that offers 7.8% is Sainsbury's Nectar Low Rate Credit Card. One can find low interest credit cards from the Money Supermarket website.


What is the interest rate on hsbc credit card?

The interest rates on a HSBC credit card can vary, depending on your credit rating. The rates on the HSBC credit card can range from, 11.99% - 18.99%.


Can you pay your credit card bill by another credit card?

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.


Why does a person keep transfer credit card balance to another before it catches up with him?

To transfer from a high interest credit card to a lower interest credit card


Is the interest rate on a Debenhams credit card high?

The interest rate on your Debenhams credit card will be dependent on your credit score and your likelyness to pay your credit card on time. The first 6 months to years interest rate is usually free.


What is the lowest credit card interest someone can have?

6.99% to 9.99% is what the lowest credit card interest that can be expected is. A card with such low interest can not be expected to come with very many perks.