Posted by big fred on February 10, 2012 at 11:34:41 from (97.113.184.150):
In Reply to: Tax deduction posted by James Williams on February 10, 2012 at 06:17:26:
It could be if your car is being paid for with a home equity loan. In that case it's deductible as mortgage interest. But that only applies if the loan is secured by your equity in your home and not if it's secured by the car.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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