Student loans are personal loans. Personal loan payments are not deductible on a federal tax return.
You can deduct any student loan interest paid as an adjustment to income on your tax return.
To enter student loan interest paid -
- Click on Federal Taxes (Personal using Home and Business)
- Click on Deductions and Credits
- Click on I'll choose what I work on (if shown)
- Scroll down to Education
- On Student Loan Interest Paid (Form 1098-E), click the start or update button
Or enter student loan interest in the Search box located in the upper right of the program screen. Click on Jump to student loan interest