Taxes and stuff

[jamier]

Hi everyone

Can anyone tell me wether payments you make on loans affect your tax bill? I chose to pay back $40m remaining of the loan i took out early so will this come off my earnings at the end of the year so ill hopefully get a lower tax bill?

Regards

Jamie

[psw231]

  It will not save you any money regarding taxes, but you will save a little bit on bank fees and interest.