Is it better to upgrade to TurboTax Deluxe if I am paying off student loans? Deluxe says "Covers Student Loan Interest". Will I receive more money back?
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1 Best answer
MinhT
Expert Alumni
Jun 4, 2019 4:29:16 PM
If you have paid student loan interest, you'll need to upgrade to TurboTax Deluxe to claim the deduction. By claiming the student loan interest deduction, you'll reduce your tax liability and your refund will increase.
1 Replies
MinhT
Expert Alumni
Jun 4, 2019 4:29:16 PM
If you have paid student loan interest, you'll need to upgrade to TurboTax Deluxe to claim the deduction. By claiming the student loan interest deduction, you'll reduce your tax liability and your refund will increase.