rachwelt
New Member

I paid off my student loan this year. Do I need to report it, and will it give me money back on my tax return?

 

Education

The only thing that is deductible is the interest you paid for your student loan, not the principal.  You can enter the interest paid in 2017.

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Education

You should receive a 1098-E reporting the interest.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**