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 generally lower than the interest an investor can earn on a comparable taxable corporate […]

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 is deductible as a business expense provided you meet the following […]