I paid off my student loan this year. Do I need to report it, and will it give me money back on my tax return?

rachwelt · ‎June 6, 2019

xmasbaby0 · ‎June 6, 2019

The only thing that is deductible is the interest you paid for your student loan, not the principal. You can enter the interest paid in 2017.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎June 6, 2019

The only thing that is deductible is the interest you paid for your student loan, not the principal. You can enter the interest paid in 2017.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

macuser_22 · ‎June 6, 2019

You should receive a 1098-E reporting the interest.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I paid off my student loan this year. Do I need to report it, and will it give me money back on my tax return?