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March 14, 2010

Did President Reagen really stop credit card and and auto loans interest from being tax deductible?

Jack A asked:


My dad said he use to claim his interest paid on auto and credit loan on his taxes as a deductible(interest only) and he said that he raised the social security retirement age from 62 to 65

I’m just curous as to how many people know the facts.

Gregory

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