APR vs. Interest Rate
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Is Credit Card Interest Tax Deductible?
6 min read
Last Updated: February 28, 2025
Key Takeaways
- The Internal Revenue Service does not consider personal credit card interest tax deductible.
- In some cases, you may be able to get a deduction on interest you paid on a business expense.
- Ideally, you should separate your personal and business expenses so it's easier to find tax deductions.
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