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 What is the interest expense tax deduction?

Answer Interest is a cost that you pay to borrow money. Depending on your purpose for borrowing the money, the Internal Revenue Service (IRS) may allow you to claim a tax deduction for your interest expen... Read More »
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Top Q&A For: What is the interest expense tax deduction

Interest Coverage Ratio - can you offset interest income with interest expense?

What Is a Section 179 Expense Deduction?

A Section 179 expense deduction, which allows businesses to deduct the purchase price of certain equipment, reduces federal income tax liability. Instead of depreciating the purchase over time, bus... Read More »
http://www.ehow.com/about_7341210_section-179-expense-deduction_.html

What is the standard deduction amount for home mortgage interest?

No standard deduction exists specifically for home mortgage interest. Home mortgage interest is an itemized deduction that is subject to a marginal tax rate. This means if you have $1,000 in intere... Read More »
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How to Calculate Interest Expense?

Interest expense is a major factor in business applications, because it directly lowers a company's profit and reduces the value of the cash assets. Individuals may also be concerned with interest ... Read More »
http://www.wikihow.com/Calculate-Interest-Expense


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