The federal student loan “pause” is coming to an end on August 31 after more than three years. If you have student loan debt, you may wonder whether you can deduct the interest you pay on your tax return. The answer may be yes, subject to certain limits. The deduction is phased out if your
qualified education loan
Aug 10, 2023
Can you deduct student loan interest on your tax return?
- By Joan Ellenbogen
- Taxes
- 0 Comments
Read More
Jun 18, 2020
Student loan interest: Can you deduct it on your tax return?
- By Joan Ellenbogen
- Taxes
- 0 Comments
Many taxpayers with student loans have been hard hit by the economic impact of COVID-19. The CARES Act contains some help. It allows borrowers with federal student loans to stop making monthly payments until Sept. 30, 2020. If you do make student loan payments, you may be able to deduct the interest on your tax