I used a student loan to pay my rent

If I used my student loans to pay my rent does that mean I paid for more than half of my living expenses with earned income or did I not?

posted

Connect with an expert

1 Reply

I used a student loan to pay my rent

No, student loans are not considered to be earned income. See the IRS definition of Earned Income https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?