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Investment Interest Expense: Deductible or Not?

By Insights

With the passage of the Tax Cuts and Jobs Act of 2017, many itemized deductions previously available to taxpayers were either limited or eliminated. Due to the significant increase in the standard deduction, many taxpayers have abandoned the task of accumulating expenses once cherished to offset taxable income as an itemized deduction. However, investors should be aware that the deduction for investment interest expense is one of the few surviving benefits still included as an itemized deduction.

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