What is considered eligible student loan expenses other than interest, can I take my student loan payments as a deduction.

posted

Connect with an expert

2 Replies

Student loan payments are not reported or deductible on a tax return. Only the interest paid on the loan is reported on a tax return.

No. The only student loan expense that is deductible is the interest. You cannot deduct the principal payments.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.