Interest that is deducted from income taxes.
Corporations can deduct their interest expense as a cost of doing business.
Individuals can deduct the interest that they pay on their home mortgage, if
they live in the house.
"interest deduction." YourDictionary, n.d. Web. 10 December 2018. <https://www.yourdictionary.com/interest-deduction>.
interest deduction. (n.d.). Retrieved December 10th, 2018, from https://www.yourdictionary.com/interest-deduction
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