Posts tagged as:

personal interest

Tax Breaks for New Cars Not Yet Law

3 February 2009

Don’t get too excited just yet. Yes, the Senate did vote to give a tax break to new car buyers by a vote of 71-26. But the break is part of a stimulus package that has yet to be finalized. In other words, it’s still just part of the talk. But it was popular talk. [...]

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Ask the taxgirl: More on Interest

9 December 2008

Taxpayer asks: I had to put almost $100,000 worth of medical bills on credit cards. Three to be exact. Can the interest on these loans be deducted as medical expenses as I continue to pay the bills down over the next five years? Thank you, Taxgirl says: Sorry, no. As I pointed out on a [...]

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