turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Are students loans taxable? Regardless if they are private/direct or federal student loans they are NOT considered income, correct?

I'm just want to make sure that I am not going to be in a bind and owe when it comes to filing my 2018 taxes because of current student loans private/direct & federal (note: I have not graduated yet so I have no current payments)

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.

1 Reply

Are students loans taxable? Regardless if they are private/direct or federal student loans they are NOT considered income, correct?

Student loans are personal loans and are not reported on a tax return.  The student loan interest paid is deductible on a federal tax return as an Adjustment to Income.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question