433402
You'll need to sign in or create an account to connect with an expert.
Its a deduction from income. It lowers your income by $537, that's not a refunded amount., $75 additional refund on a $527 reduction of income sounds reasonable.
Its a deduction from income. It lowers your income by $537, that's not a refunded amount., $75 additional refund on a $527 reduction of income sounds reasonable.
Yes, this sounds right.
The student loan interest deduction is a deduction which reduces your taxable income, and not a credit which reduces your tax liability dollar for dollar.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
brandonhawley
New Member
georgedennie70
New Member
Vermillionnnnn
Returning Member
in Education
dlalwls169
New Member
altheaf
New Member