turbotax icon
turbotax icon
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Yes No
tommarks2
Returning Member

student loan

Is my student loan considered income?

posted
‎March 30, 2022 5:14 PM
last updated ‎March 30, 2022 5:14 PM
0
2
437
Reply
Bookmark Icon
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
xmasbaby0
Level 15
Level 15

student loan

No your student loan is not income.   Someday you have to pay it back.

**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.**
‎March 30, 2022 5:21 PM
0
423
Reply
Bookmark Icon
Vanessa A
Employee Tax Expert
Employee Tax Expert

student loan

No, a student loan is not considered income.

 

  It is considered payment for tuition so if you take a student loan, you still qualify for education credits. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎March 30, 2022 5:24 PM
0
421
Reply
Bookmark Icon

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Featured forums
Taxes
Lower Debt
Investing
Self-Employed
All topics

Unlock tailored help options in your account.

Live Assisted: Get answers to all your tax questions! Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Live Assisted. Explore your options!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

popeandrew
mlkozol
shar751611
bpm25
OKchris