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Education
@smilesatcamp. Yes, include on your return that you paid student loan interest. With consolidation, your old loans (principal plus interest) are “paid off.” So in the process, you effectively paid interest on these loans. You may get a tax deduction for student loan interest paid. As long as your income is less than the threshold, you’ll get a tax break for student loan interest paid, even though you didn’t actually make a payment toward your loans.
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February 6, 2022
6:37 PM