Home equity, student, and auto loans are special-purpose consumer loans. Which ones offer the unique benefit of
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Only home equity and student loans offer tax advantages for the borrower Home equity interest with restrictions is an itemized deduction Student loan interest appears on the tax form as an adjustment to income with income restrictions Both reduce the annual tax liability of the borrower The typical auto loan offers no tax advantage ...View the full answer
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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