Is interest on a personal loan deductible?
Tags: Financial Institution, Loan Personal, Personal Loan
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on Tuesday, April 21st, 2009 at 6:14 pm and is filed under Personal Loans.
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April 22nd, 2009 at 9:30 pm
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No, that’s not deductible.
April 26th, 2009 at 9:27 am
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No.
April 29th, 2009 at 12:12 am
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No, it qualifies as “consumer interest,” and hasn’t been fully deductible since the phase-out of the provisions of the Tax Reform Act of 1986.
April 30th, 2009 at 9:40 pm
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Not unless it’s secured by your house