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portpirate96
Level 1
June 1, 2019
Solved

Student loan interest

I entered my $280 student loan interest that I paid for the year and it only increased my state refund by a few dollars. Why didn't it increase by $280 if the whole amount is eligible to be deducted?
BobinCTAnswer
Level 8
June 1, 2019

It is deducted from INCOME, so it saves you the tax on $280.

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BobinCTAnswer
Level 8
June 1, 2019

It is deducted from INCOME, so it saves you the tax on $280.

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