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katdanzys
New Member

Can I deduct student loan repayments, not just the interest

 
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‎June 4, 2019 7:33 PM
last updated ‎June 04, 2019 7:33 PM
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DoninGA
Level 15
Level 15

Can I deduct student loan repayments, not just the interest

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.

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‎June 4, 2019 7:33 PM
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DoninGA
Level 15
Level 15

Can I deduct student loan repayments, not just the interest

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.

‎June 4, 2019 7:33 PM
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