WILL THE INTEREST ON YOUR VEHICLE LOAN BE DEDUCTIBLE?

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Article Highlights: Vehicle loan interest Consumer loans…
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ABOVE-THE-LINE DEDUCTION

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The “line” in this term refers to the line drawn when totaling…
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ACQUISITION INDEBTEDNESS

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This is the debt used to acquire, build, or substantially improve…
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ADJUSTED GROSS INCOME (AGI)

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This may be the most important tax term since the tax code uses…
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ALTERNATIVE MINIMUM TAX (AMT)

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A different way of computing one’s tax liability; it MUST be…
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RECEIVE YOUR REFUND FASTER WITH DIRECT DEPOSIT

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Article Summary: Speed Security Convenience Options …
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BASIS

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Basis is the dollar value from which a taxpayer measures any…
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BUSINESS GIFTS

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Gifts to customers, business contacts, clients, etc., are deductible…
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