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 »

Understanding Credit Card's Finance Charges?

Credit card finance charges are the costs you incur as part of your agreement to borrow money through your credit card. Finance charges are shown on your monthly statement, which specifies a minimu... Read More »

How to Avoid Finance Charges on Credit Cards?

Finance charges are those pesky fees that credit card companies tack onto your credit card bill each month for not paying the balance on your card or for being late with payments, or they may come ... Read More »