2007-02-02 04:27:16 · 6 answers · asked by maximyshka 1 in Business & Finance ➔ Taxes ➔ United States
That is considered personal interest and is not deductible on the Federal Tax return
2007-02-02 04:32:33 · answer #1 · answered by Anonymous · 2⤊ 0⤋
No. CC interest cannot be deducted. However, you may be able to take out a home equity loan, pay off the credit card debt (principal + interest) owed and than deduct the interest you pay on the loan.
2007-02-02 12:32:54 · answer #2 · answered by bill s 1 · 0⤊ 2⤋
No longer a deduction
2007-02-02 16:30:57 · answer #3 · answered by whymewhynow 5 · 0⤊ 0⤋
Maybe in 1974 but not anymore!
2007-02-02 12:35:09 · answer #4 · answered by n0witrytobeamused 6 · 0⤊ 0⤋
No- haven't been for a while......
2007-02-02 12:30:30 · answer #5 · answered by kam 5 · 0⤊ 2⤋
lol no.
2007-02-02 12:29:33 · answer #6 · answered by Scott K 2 · 0⤊ 2⤋