Interest deduction

An interest expense, such as interest on a margin account, that is allowed as a deduction for tax purposes.

Interest Deduction

A reduction in one's taxable income that comes from expense from certain interest payments. For example, the interest one pays on one's mortgage is tax deductible so as to encourage home ownership. Likewise, interest paid on a margin account is often deductible. The United States government uses interest deductions, among other statutory tax advantages, to encourage behavior it supports without mandating it.

单词	interest deduction
释义	Interest deduction Interest deduction An interest expense, such as interest on a margin account, that is allowed as a deduction for tax purposes. Interest Deduction A reduction in one's taxable income that comes from expense from certain interest payments. For example, the interest one pays on one's mortgage is tax deductible so as to encourage home ownership. Likewise, interest paid on a margin account is often deductible. The United States government uses interest deductions, among other statutory tax advantages, to encourage behavior it supports without mandating it.
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