Author Archives: JT Miller

It turns out that not all loan programs are equal when it comes times to pay your taxes. Did you know that when you borrow money you could actually be reducing the amount of taxes you have to pay at the end of the year? Some loans can give you a tax credit which shrinks the income tax you owe and other kinds of loans may give you a tax deduction which lowers your gross income. Just about everybody wants to borrow money sometimes and it makes sense to do your research before diving into a big loan. Here’s a brief guide to which loans may qualify you for a tax deduction, though obviously individual cases will vary. Continue reading →