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dcoulum
Returning Member

Does student loan interest go on a line 31 on the IT 201 NY State (other form IT 225, Line 18) I know it went on the 1040 schedule 1 form.

 
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3 Replies
JotikaT2
Employee Tax Expert

Does student loan interest go on a line 31 on the IT 201 NY State (other form IT 225, Line 18) I know it went on the 1040 schedule 1 form.

The student loan interest will flow through to the New York return from your input in the Federal interview section.

  1. Select "Deductions & Credits"
  2. Select "Education"
  3. Select "Student Loan Interest Paid (Form 1098-E).

Student loan interest

 

Continue to enter the information here to enter your student interest.  

 

When you reach the state interview section, continue through the screens and answer the questions accordingly.  The amounts entered into the federal input will pull into your state return and put the student loan interest on your New York return.

 

 

 

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dcoulum
Returning Member

Does student loan interest go on a line 31 on the IT 201 NY State (other form IT 225, Line 18) I know it went on the 1040 schedule 1 form.

Would the student loan interest on NYS go here:

31. Other (Form IT-225, line 18) ................................................... 

 

Its on a schedule 1 on the 1040 federal return but can you take it also on the NYS return?

JohnB5677
Expert Alumni

Does student loan interest go on a line 31 on the IT 201 NY State (other form IT 225, Line 18) I know it went on the 1040 schedule 1 form.

If you enter the student loan amount in the Deduction & Credit section of TurboTax it will follow through to the New York return.

 

There is a personal income tax deduction in NY for the interest paid on student loans by individual taxpayers having a federal adjusted income of between $65,000 and $125,000, and married taxpayers filing jointly having a federal adjusted income of between $130,000 and $250,000.

NY Student Loan

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