Did you know that April is Financial Literacy Month? With taxes fresh on your mind and spring cleaning in the air, it’s as good a time as any to brush up on your financial literacy. After all, as we’re required to make more and more financial decisions, financial literacy is becoming almost as important as being able to read and write.
In an interview with RTTNews, Adrian Nazari, CEO of Credit Sesame, discusses how you can use debt to your advantage when it comes to tax time. According to Nazari, when it comes to taxes, debt strategies revolve around one main concept: Interest on certain debt is tax deductible.
Not all debt is created equal. Some kinds you can deduct from your taxes. Other kinds, you can’t. It can be worth your while to concentrate your borrowing in the former category, says Adrian Nazari, CEO of Credit Sesame, a firm that provides online credit and debt analysis to consumers.
“According to a 2011 study from Credit Sesame, 78 percent of ex-burglars think there is a very good chance that current thieves turn to Facebook, Twitter, and Foursquare to locate empty homes to target for a robbery.”