Article Date:
July 2020


Word Count:
1287

 

 

Three Ways to Maximize Your Investment Interest Deductions


Here’s bad news—tax law allows you to deduct only some of the interest you pay on your debts.

 

For example, you do not deduct interest paid on your personal credit cards. Similarly, you may not deduct interest paid on the loan used to buy your personal vehicle.

 

But here’s good news—you likely aren’t deducting all the interest you can under the law.

 

One often overlooked deduction is for investment interest. And, sometimes, you get this deduction above-the-line with no limits. In this article, we explain everything you need to know to get the most from this deduction. ... Log in to view full article.

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