Key Takeaways - Is Interest on Personal Loans Tax Deductible? You can use a personal loan for a variety of useful purposes, ...

TurboTax Free Edition supports a simple Form 1040 and no schedules except for the earned income tax credit, child tax credit and student loan interest. Deluxe $39 + $39 per state. Itemize and ...

37% of taxpayers qualify. Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). H&R Block's free online edition is also ...

A tax deduction is a simple subtraction. Each deduction allows you to reduce your taxable income so you will be taxed on a smaller figure. Interest deductions are most relevant to consumers who ...