What is the definition of a Variable Rate Loan? Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. They generally have lower starting interest rates than fixed rate loans, but the interest rate and payment amounts can change over time. Sometimes they are also known as floating rate loans.
1 Contingent attorney fees are not deductible, but non-contingent attorney fees may be deductible. 2  Before deducting these fees, talk to a tax specialist to determine if the fees are deductible based on the details of your case.
1 Attorney fees incurred in a Social Security appeal are deductible to the extent that the benefits obtained are taxableâfor example, if 50% of the benefits are taxable, 50% of your attorney fees are deductible.  Attorney fees incurred to evict a tenant from a rental property are deductible.