Taxpayers May Not Deduct Interest Expense on Most Personal Debt,including

question 36

True/False

Taxpayers may not deduct interest expense on most personal debt,including credit card debt,car loans,and other consumer debt.

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Definitions:

Myringotomy

A surgical procedure to create an opening in the eardrum to drain fluid or relieve pressure.

Otoplasty

A surgical procedure to change the shape, position, or size of the ears.

Stapedectomy

A surgical procedure aimed at improving hearing by removing part or all of the stapes bone in the middle ear and replacing it with a small prosthetic device.

Tympanectomy

A surgical procedure involving the removal of all or part of the eardrum, often to treat infections or other ear problems.