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New Member
posted Feb 20, 2024 7:46:49 AM

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

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2 Replies
Level 15
Feb 20, 2024 7:49:42 AM

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.

Expert Alumni
Feb 20, 2024 7:50:20 AM

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

 

Tax Benefits for Education