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Education
There is no federal credit for student loan payments. There is a deduction for the payment of student loan INTEREST.
It shows on line 21 of Schedule 1. Technically, it's an "adjustment" to income.
If you have a 529 Plan, student loan payments are now a qualified expenses (up to $10,000 for each spouse) for a qualified (tax free) withdrawal.
‎February 25, 2025
11:13 AM