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We had two personal loans this year totaling around $8,000 with interst of about 800. Is this tax deductible?

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We had two personal loans this year totaling around $8,000 with interst of about 800. Is this tax deductible?

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No, credit cards, car loans, etc. have no tax advantages whatsoever. When you pay off a school loan, there are some tax write-offs. so, it depends on the kind of personal loan…

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