I am trying to decide what is best to start using my extra money to pay off…a student loan at 5.4%, an auto loan at 4.99% or a heloc at 7.75% I know student loans and heloc interest is tax deductible, but assuming these deductions don’t affect a change in bracket (tax rate) what is the calculated difference in interest saved (assuming 15% bracket) on whether to pay which of these three….(I guess I’ve always been told pay non-deductible first, but with these numbers I just don’t see how that adds up…and most importantly how do I actually calculate the real interest I’m paying on tax deductible interest so I can compare it to nondeductible rates…) thanks in advance for any help!
Posts Tagged ‘jp magazine’
Calculation question, what is better to pay off overall with consideration to tax deductions…?
Sunday, November 15th, 2009Related ‘jp magazine’ sites :
| Jeep 4x4 & Custom Off Road Jeeps | Pictures, Videos, Parts ... JP magazine is your source for Jeep 4x4, custom off road Jeeps including show & event pictures, off roading videos, Jeep parts and accessories installation www.jpmagazine.com/index.html | |
| The Jerusalem Post Israel's English newspaper with articles and information about Israel, Jewish affairs, and developments in the Middle East. www.jpost.com | |
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| Metropolis Magazine | Japan's Number 1 English Magazine Japan's Number 1 English Magazine www.metropolis.co.jp | |
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| Dengeki G's Magazine - Wikipedia, the free encyclopedia The magazine is known for hosting reader participation games whose ... Dengeki G's Magazine first went on sale on December 26, 1992 with the February ... en.wikipedia.org/wiki/ | |
| Source Interlink Media - JP Magazine JP Magazine. Covering the entire world of Jeep--from technical how-to articles and ... JP readers are committed to the repair, restoration and modifications of their ... www.sourceinterlinkmedia.com/ | |