Interest is no longer tax-deductible. President Trump signed the income tax Cut and work operate on December 14, 2017.
Interest is no longer tax-deductible. President Trump signed the income tax Cut and work operate on December 14, 2017. That laws removed the tax-deductible interest perks on money financial loans (both for brand new and current equity financial loans). In 2026 what the law states will return back to the prior limitations which allowed interest taxation write-offs on money financing…read more →