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a7orozco
New Member

Can I claim the student loans I paid off? It was over $15,000.00

 
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KatrinaB
Intuit Alumni

Can I claim the student loans I paid off? It was over $15,000.00

No. You can't claim the loan balance amount that you paid. However, you can claim up to $2,500 in the interest that you paid during 2016. You should receive form 1098-E to report the interest. For more information on this deduction, please view the Turbo Tax FAQ below.

https://ttlc.intuit.com/replies/3302319

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1 Reply
KatrinaB
Intuit Alumni

Can I claim the student loans I paid off? It was over $15,000.00

No. You can't claim the loan balance amount that you paid. However, you can claim up to $2,500 in the interest that you paid during 2016. You should receive form 1098-E to report the interest. For more information on this deduction, please view the Turbo Tax FAQ below.

https://ttlc.intuit.com/replies/3302319

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