https://ttlc.intuit.com/community/college-education/discussion/student-loan-interest-deduction/01/77365#M1479 During deductions, it states that the entire interest paid is deductible, but only a very small amount of Federal Taxes Due is actually subtracted (about 4%). Why isn't the entire interest paid subtracted from the Due amount shown? Sat, 01 Jun 2019 02:47:54 GMT Anonymous 2019-06-01T02:47:54Z https://ttlc.intuit.com/community/college-education/discussion/student-loan-interest-deduction/01/77365#M1479 During deductions, it states that the entire interest paid is deductible, but only a very small amount of Federal Taxes Due is actually subtracted (about 4%). Why isn't the entire interest paid subtracted from the Due amount shown? Sat, 01 Jun 2019 02:47:54 GMT https://ttlc.intuit.com/community/college-education/discussion/student-loan-interest-deduction/01/77365#M1479 Anonymous 2019-06-01T02:47:54Z https://ttlc.intuit.com/community/college-education/discussion/the-interest-you-pay-is-not-a-credit-for-your-tax-liabili/01/77371#M1480 <P>The interest you pay is not a credit for your tax liability. The interest you pay is deducted from your taxable income, thus reducing your tax liability. <BR /></P> Sat, 01 Jun 2019 02:47:56 GMT https://ttlc.intuit.com/community/college-education/discussion/the-interest-you-pay-is-not-a-credit-for-your-tax-liabili/01/77371#M1480 Carl 2019-06-01T02:47:56Z