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 »

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 »

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 »

How do I calculate accrued interest expense?

Calculate Monthly Interest RateDivide the loan's annual interest rate, in decimal form, by 12 to arrive at the monthly interest rate. For example, for a loan with a 3 percent annual interest rate:M... Read More »