Originally Posted by
TBoneF15
"Student loan interest is partially tax deductible on your tax return and personal interest, which includes interest paid on car loans, credit cards, and personal loans, is not tax deductible at all on your tax return."
From http://www.wwwebtax.com/deductions_i...deductions.htm
Be careful following tax advice from random dudes on internet forums.
I did some digging and you're right! I asked my accountant and was told I was able to because I had/have my own business and the truck I purchased was for that. I also have an Amex I use for all my business related purchases which is what I deducted any interest off. Thanks for speaking up. As I said I'm not an accountant so I'm sure there are holes. If anyone finds anymore let me know and I'll patch them up.
Last edited by ToiletDuck; 02-11-2008 at 08:06 PM.