Should I amend my 2015 taxes? I forgot to include the interest I paid on my student loans. This amount is over $4000.00. is it worth it?

[DeniseF2 · Accepted solution]

There is a limit of $2500 that you can deduct on your return. This deduction directly offsets income so if you are in the 25% tax bracket you would save roughly $600. You should enter the info into an amended return and take note of the fed and state refund that you'll get back - then you can make the decision on whether or not it's worth it for you to file the amended returns.