☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:33:00 PM

Can I deduct student loan repayments, not just the interest

0 1 561
1 Best answer
Level 15
Jun 4, 2019 7:33:01 PM

Student loans are personal loans.  Personal loan payments are not deductible on a tax return.  Only the student loan interest paid in 2016 can be deducted on a federal tax return as an Adjustment to Income.

1 Replies
Level 15
Jun 4, 2019 7:33:01 PM

Student loans are personal loans.  Personal loan payments are not deductible on a tax return.  Only the student loan interest paid in 2016 can be deducted on a federal tax return as an Adjustment to Income.