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New Member
posted Jun 6, 2019 3:57:32 AM

I paid off a student loan but it was thru a debt collector, can I claim that on my taxes?

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1 Best answer
Alumni
Jun 6, 2019 3:57:33 AM

No, you can not. The principal part of a student loan is never deductible. Only student loan interest is deductible, and you have to have written proof of how much interest that you paid.

1 Replies
Alumni
Jun 6, 2019 3:57:33 AM

No, you can not. The principal part of a student loan is never deductible. Only student loan interest is deductible, and you have to have written proof of how much interest that you paid.