The No. 1 tax strategy missed by consumers every year could save you hundreds of dollars and provide a perfect tax deduction.
All you have to do is pay your credit card debt with... a home equity line of credit.
Interest on a credit card is easily three times what you would pay on a home equity line and the interest is never tax deductible.
Rolling that debt to a home equity line allows you to pay it off at a much lower interest rate (usually 4 percent or less) and write off the interest.