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With the Tax Reform Act of 1986, the government stopped allowing a tax deduction for consumers on credit card interest payments, arguing that the deduction encouraged growing consumer debt.
Look into credit cards for no credit history: Also known as starter cards, these credit cards are built for those with little or no credit history, a category many students fall into. The credit ...
You paid interest on a qualified student loan during the tax year. You’re obligated by law to pay interest on the loan. You are not claiming married filing separately as your filing status.
The "on-ramp" period that spared borrowers from severe consequences of non-payment ended on Sept. 30, 2024, and those who haven't been paying now need to take action to avoid significant financial ...
These unsecured credit cards are typically easier to qualify for than traditional credit cards. The best student credit cards report your responsible spending and on-time monthly payments to the ...
Normally, student loan borrowers can deduct the interest they paid on their loans from their income tax returns, but things haven't been normal for a few years. Federal student loan payment pauses...