topic I defaulted on my N Y stat higher education loan but then paid entire loa incuding penalties and interest do i get a tax break for any of that in Education

I defaulted on my N Y stat higher education loan but then paid entire loa incuding penalties and interest do i get a tax break for any of that

terrancekreider2 — Tue, 04 Jun 2019 20:36:31 GMT

Student loan interest is deductible. Penalties are not de...

MichaelMc — Tue, 04 Jun 2019 20:36:32 GMT

Student loan interest is deductible. Penalties are not deductible.

Any payments that you make on your student loans will consist of principal and interest. The interest portion, up to a maximum of $2,500.00, is deductible from your income.

Your loan servicer should provide you with a copy of Form 1098-E by January 31 of each year, indicating the amount of interest paid on your student loan the previous year. Enter this information into TurboTax and your deduction will be calculated.

That loan had been pain years ago when I first got sober...

terrancekreider2 — Tue, 04 Jun 2019 20:36:33 GMT

That loan had been pain years ago when I first got sober how do I get the interest paid in that loan now