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sllymy
New Member

Curious why this isn't showing anywhere for PA tax filings: Josh Shapiro 11/16/24: Starting next tax year, Pennsylvania taxpayers can deduct up to $2,500 of student loans

Office of the Governor of Pennsylvania November 16, 2024 · Starting next tax year, Pennsylvania taxpayers can deduct up to $2,500 of student loan interest on their state taxes. We're cutting costs so Pennsylvanians can chart their own course.
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4 Replies
BillM223
Employee Tax Expert

Curious why this isn't showing anywhere for PA tax filings: Josh Shapiro 11/16/24: Starting next tax year, Pennsylvania taxpayers can deduct up to $2,500 of student loans

Your answer is right here: "Starting next tax year,". The next tax year is 2025 - which returns we will be doing in early 2026. We are doing 2024 returns right now.

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Hal_Al
Level 15

Curious why this isn't showing anywhere for PA tax filings: Josh Shapiro 11/16/24: Starting next tax year, Pennsylvania taxpayers can deduct up to $2,500 of student loans

 

@Deleted

 

sllymy
New Member

Curious why this isn't showing anywhere for PA tax filings: Josh Shapiro 11/16/24: Starting next tax year, Pennsylvania taxpayers can deduct up to $2,500 of student loans

Yeah I assumed as much - that it meant for 2025 taxes - but I've also seen very conflicting things regarding this, evident from the reply right below yours.

Hal_Al
Level 15

Curious why this isn't showing anywhere for PA tax filings: Josh Shapiro 11/16/24: Starting next tax year, Pennsylvania taxpayers can deduct up to $2,500 of student loans

The credit will be available for tax years beginning after December 31, 2024.

https://www.pa.gov/governor/newsroom/2024-press-releases/governor-shapiro-in-berks-co-new-tax-cuts-s...

 

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