Is paying back student loans tax deductible?

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Hilma Dickinson asked a question: Is paying back student loans tax deductible?
Asked By: Hilma Dickinson
Date created: Thu, Jan 28, 2021 7:35 AM
Date updated: Sat, Oct 1, 2022 4:10 AM

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Video answer: How to deduct student loan interest to save on taxes

How to deduct student loan interest to save on taxes

Top best answers to the question «Is paying back student loans tax deductible»

The student loan interest deduction is a federal income tax deduction that allows you to subtract up to $2,500 of the interest you paid on qualified student loans from your taxable income. 1 It is one of several tax breaks available to students and their parents to help pay for higher education.

Video answer: 1040.com student loan interest deduction

1040.com student loan interest deduction

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Video answer: How does the student loan debt interest tax deduction work?

How does the student loan debt interest tax deduction work?