Understanding Tax Deductions: Itemized vs. Standard Deduction
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Mario J Payne, CFP® on Instagram: "It’s is a new tax deduction that you are missing. You can now deduct up to ten thousand dollars of car loan interest if structured correctly. It is not about loving or hating who passed it. It is about understanding how the tax code rewards ownership and leverage. The real play is not the car though. The strategy is using the deduction to free up cash flow, then deploying that cash into income producing assets that can help cover the car payment while the IRS p
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