by Todd Schanel, CFA, CPA, CFP® | Dec 10, 2019 | Bonds, Investing
Municipal bonds are very appealing to investors because of one important attribute: municipal bond interest is exempt from federal income tax. But while tax-free income sounds great, there is a catch! The interest an investor can earn on municipal bonds is...
by Todd Schanel, CFA, CPA, CFP® | Dec 2, 2019 | IRS, Self-Employed, Tax Advice, Tax Deductions
Interest on personal loans and credit cards is generally not a deductible expense. But one important exception to this general rule is when you use a personal credit card or take out a personal loan to pay for business-related expenses. In this situation, the interest...
