Get a Tax Break on Your Student Loan by Deducting the Interest, If You Qualify

iStock

Get a Tax Break on Your Student Loan by Deducting the Interest, If You Qualify

Mar, 1st 2017

How the student loan interest tax deduction works

Paying interest is no fun. But if you have student loan debt, you don’t have much choice.

Wouldn’t it be great if the government gave you a break on that student loan interest you pay each year?

Well, here’s some good news: You might be able to deduct a portion of student loan interest from your taxable income — up to $2,500 — thanks to the student loan interest tax deduction. Find out if you qualify for this deduction and learn how to claim it below.

How the student loan interest tax deduction works

The IRS lets you claim the student loan interest tax deduction on Form 1040, Line 33. Because it’s considered an “above the line” deduction (i.e., an adjustment to...

Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!


Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™

SIGN UP NOW!

Join, Resolve & Share!