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. Learn more.
5 Tax Rules for Deducting Interest Payments
Posted by franpro under FinanceFrom https://www.sba.gov 1764 days ago
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