Delete comment from: Captain Capitalism
It's another class of investments that are tax deductible. It also provides some relief to people who made mistakes with debt, but are honest and hardworking enough to own up to their mistakes.
It does incentivise debt, however, it also incentivizes getting out of debt, so that's probably a wash.
Jun 23, 2015, 5:27:08 AM
Posted to Making Debt Payments Tax Deductible for IRA's & 401k's