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Level 1
February 20, 2024
Question

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

  • February 20, 2024
  • 2 replies
  • 8 views
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2 replies

DoninGA
Level 15
Level 15
February 20, 2024

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.

Level 15
February 20, 2024

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

 

Tax Benefits for Education

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