On a state return does the student loan credit apply to new or existing loans?

katie-block · ‎February 1, 2022

MaryK4 · ‎February 1, 2022

It does not matter if it is a new or existing loan, you can claim the credit if you were a resident or part-year resident during the tax year. Minnesota residents who make payments on their own postsecondary education loans may qualify for a nonrefundable credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

MaryK4 · ‎February 1, 2022

Which state? @katie-block

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

katie-block · ‎February 1, 2022

Minnesota

MaryK4 · ‎February 1, 2022

It does not matter if it is a new or existing loan, you can claim the credit if you were a resident or part-year resident during the tax year. Minnesota residents who make payments on their own postsecondary education loans may qualify for a nonrefundable credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

On a state return does the student loan credit apply to new or existing loans?