I paid over 1k in interest on student loans. However I didn't receive any refund. How can that be?

adonisheat6-gmai · ‎April 3, 2024

xmasbaby0 · ‎April 3, 2024

The student loan deduction reduces your taxable income---it is not a refund.

**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.**

KrisD15 · ‎April 3, 2024

Exactly as stated above.

So because it reduces your taxable income, it reduces your tax liability.

You pay less tax because of the loan payments, but it does not come back to you as a refund.

@adonisheat6-gmai

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

I paid over 1k in interest on student loans. However I didn't receive any refund. How can that be?