Can I deduct interest this year that I paid in 2006?

Interest on what?

Does not matter what the interest is on, you CANNOT claim interest paid in 2006 on your 2008 tax return.

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Originally Posted by AtlantaTaxExpert

Does not matter what the interest is on, you CANNOT claim interest paid in 2006 on your 2008 tax return.

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However, you CAN file an amended return for tax year 2006 - that's form 1040X. You have 3 years from the date of your original 2006 tax return to file an amended return and get a refund back - so that gives you until April 15, 2010 to file the amended return.

Agreed! Good point, ebaines!

Only certain types of interest paid are deductible for tax purposes (typically mortgage interest and investment interest).