Dollars And Nonsense

In this episode, Nate shares when and how to deduct interest paid on life insurance policy loans. Many assume it's not possible, but under certain circumstances, the interest can become a business expense. Learn the critical details that make policy loan interest tax deductible when used for specific purposes. This unique strategy allows you to earn tax-deferred growth in your policy while writing off interest costs. Get clarity on ideal scenarios to maximize deductions, like using separate policies for personal and business needs. Plus, you’ll hear tips to simplify accounting and create a clean paper trail. Whether commingling funds or segregating accounts, you’ll learn straightforward methods to track deductible interest. Let this benefit-driven episode open your eyes to little-known ways to leverage policy loans. Topics Discussed: Unlock Tax Savings: How policy loan interest can be deductible  Revealed: Unique tax strategies exclusive to life insurance Myths Exposed: Common myths about deducting poli