Can you claim finance charges on taxes?

Answer On One Hand: No for PersonalAccording to the Internal Revenue Service fact sheet on interest expenses, most finance charges are not allowable as a tax deduction. The only two exceptions to this are... Read More »

Top Q&A For: Can you claim finance charges on taxes

How to Calculate Finance Charges on a New Car Loan?

Many individuals want to purchase a new car, but they may not know whether the car is affordable. Before acting impulsively or giving in to temptation, take the time to consider all the financial d... Read More »

How to Reduce Finance Charges on a Car Loan?

Finance charges applied to a car loan are the actual charges for the cost of borrowing the money needed to purchase your car. The finance charge that is associated with your car loan is directly co... Read More »

How to Calculate Finance Charges on a Leased Vehicle?

At some point, you may want or need to have a new car. You may also want to weigh the cost differences between leasing and buying before you make your decision. One way to compare costs is to figur... Read More »

How do I calculate credit card finance charges?

Find the Periodic RateFind the annual percentage rate, or APR, for your credit card on your statement and divide by 12 to find the periodic rate, which is applied to your outstanding balance monthl... Read More »