Tag Archives: deductions

Tax Rules for Deducting Interest Payments

It’s common for businesses to borrow money for various reasons … to start up, expand to new locations, buy equipment, launch a marketing campaign. But borrowing usually isn’t without cost: interest payments. To the extent interest payments are tax deductible, they reduce the cost of borrowing. But tax rules on deductibility can be confusing. Business interest is broadly interpreted Business interest is treated differently than other types of interest. For…

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