Are loan origination charges deductible?

Interest (Finance Charge) is charged on every loans and credit card accounts that are not paid in full by the payment due date The Finance Charge formula is: Average Daily Balance x Annual Percentage...

Its' when a creditor/lender closes your account due to non-payment. This process takes place for tax purposes (so it's not a complete loss to the creditor/lender).

Generally, no, not for individuals. The costs to break a loan contract are not typically deductible for an individual, but MAY be deductible for a company or a trust holding the loan.

no but you would have 2 pay it back before u die or they just take it

ya