🤔💵🌎 THE PEOPLE’S PRESIDENT: Trump Will Make Interest Payments on Car Loans FULLY Tax Deductible 🤔💵🌎
(www.thegatewaypundit.com)
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Sounds great, but will not help the vast majority that use the standard deduction. Some interest on small businesses is already a deduction.
Exactly... Most people can't itemize anymore
We have a mortgage and some business expenses and don’t even get half way to the std deduction. How bout simply arresting the IRS and eliminate them and the income tax.
I'm in!
Business expenses aren't part of itemized deductions.... They are a direct tax credit. Use schedule C and it will reduce your taxes
Depends on how it is implemented. If it is separate from the itemized deduction, then it will have the full impact. I bet that is how it goes down.
Let's hope
Only for American-made cars, right?
I still couldn't afford a car.