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Question about student loan deductions
Last year when filing taxes I got back everything I paid in for my student loans, this year I am not receiving any money that I paid in for 2016 on my student loans. Can anyone explain why?
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Question about student loan deductions
In general, you can claim the student loan interest deduction if all of the following requirements are met.
Your filing status is any filing status except married filing separately.
No one else is claiming an exemption for you on his or her tax return.
You are legally obligated to pay interest on a qualified student loan.
You paid interest on a qualified student loan.
You won't be able to take the full benefit amount, if your income is over the filing status limit. To view your limit, please click the hyperlink in the Turbo Tax FAQ below.
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