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I paid for my education loan in India in 2017. Can I apply that to my tax returns?

 
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I paid for my education loan in India in 2017. Can I apply that to my tax returns?

Maybe.  If you meet the following requirements, then you can take the Student Loan Interest Deduction.  Even if your student loan is being paid to a lender in another country. 

  • The loan was taken only to pay qualified education expenses, which includes tuition, fees, room and board, books, equipment, and transportation
  • The school you attended participates in the Department of Education student loan programs
  • You are attending school at least half-time
  • You are seeking a degree, certification, or participating in another qualified program
  • You are not claimed as a dependent on someone else's tax return
  • You are legally obligated to repay the loan

See this TurboTax FAQ for additional information.  Click "See entire answer" for the full page view.

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

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I paid for my education loan in India in 2017. Can I apply that to my tax returns?

Maybe.  If you meet the following requirements, then you can take the Student Loan Interest Deduction.  Even if your student loan is being paid to a lender in another country. 

  • The loan was taken only to pay qualified education expenses, which includes tuition, fees, room and board, books, equipment, and transportation
  • The school you attended participates in the Department of Education student loan programs
  • You are attending school at least half-time
  • You are seeking a degree, certification, or participating in another qualified program
  • You are not claimed as a dependent on someone else's tax return
  • You are legally obligated to repay the loan

See this TurboTax FAQ for additional information.  Click "See entire answer" for the full page view.

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

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