Loans Questions and Answers

Posts Tagged ‘Tax Deduction’

How much do I have to pay in student loans to get a tax deduction?

Monday, June 8th, 2009

etangoyen asked:

I am working as a consultant and file joint taxes. I am paying student loans but don’t know what is the minimum you have to make a year to get a tax deduction for it. Any ideas?

Tags: File Taxes, Student Loans, Tax Deduction
Posted in loans questions | 2 Comments »

Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?

Monday, January 19th, 2009

AG asked:

I know that student loan interest can be deducted.

My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?

Thanks!

Tags: Student Loan Interest, Tax Deduction, Tax Loans
Posted in Student Loans | 3 Comments »