Student Loan Interest
What's the scoop on writing off student loan interest?
I'm going to be doing my taxes in the next couple of weeks. I can't afford professional advice nor do I think I need to file anything beyond a 1040 EZ. But I hear that I can write off student loan interest? Is it true?!
If you are still a student, then typically colleges will have people there who can help you.
Yes, student loan interest is usually deductible. I believe the ceiling is around $2500 in interest is deductible.
If you make more than a certain amount of money ($65K or so), then you cannot deduct the interest at all.
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Tagged with: education • finance • loan • loans • student • student loan interest deduction • student loan interest deduction 2009 • student loan interest deduction worksheet • student loan interest rates • student loan interest tax deduction 2009
Filed under: International Student Loans
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