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tkscherf1
New Member

Minnesota State Return: Under student loan information, does this include interest payments made before the student is out of school?

 
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AmyC
Expert Alumni

Minnesota State Return: Under student loan information, does this include interest payments made before the student is out of school?

Yes, the interest deduction is available when paid on your own loan.

 

Student Loan Credit | Minnesota Department of Revenue states: The credit amount depends on your income, loan payments, and original loan amount. The maximum credit is $500 each year or $1,000 for married couples who file a joint return (if both spouses made payments on their own qualified loans).

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