Good Debt Is Usually Cheaper and Tax Advantaged

by James on January 15, 2013 · 1 comment

Folks,

If you’re thinking about how to tell good debt from bad debt, here is a hit: good debt is usually cheaper and tax advantaged. 

Case in point: my chase credit card charges me 17.99% and I can’t deduct any of the interest on it. On the other hand, my mortgage is 5.0% and all the interest is fully deductible on my federal tax return.

It bears repeating: good debt is usually cheaper and tax advantaged. 

Best,

James

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{ 1 comment… read it below or add one }

1 Dillon January 16, 2013 at 4:54 pm

There is no such thing as good debt! :)

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