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kay0391la-
New Member

If I live and work outside the US but pay toward my student loan & interest "acquired in the US", do I file a tax return in the US to claim the interest paid?

 
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MinhT
Expert Alumni

If I live and work outside the US but pay toward my student loan & interest "acquired in the US", do I file a tax return in the US to claim the interest paid?

The student loan deduction is a deduction which reduces your taxable income, and not a credit.

If you do not have taxable income, then there is no need to claim the student loan interest deduction.

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2 Replies
MinhT
Expert Alumni

If I live and work outside the US but pay toward my student loan & interest "acquired in the US", do I file a tax return in the US to claim the interest paid?

The student loan deduction is a deduction which reduces your taxable income, and not a credit.

If you do not have taxable income, then there is no need to claim the student loan interest deduction.

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

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pk
Level 12
Level 12

If I live and work outside the US but pay toward my student loan & interest "acquired in the US", do I file a tax return in the US to claim the interest paid?

If you are a US citizen/ resident then , yes you have to file a US return  and  can claim this interest  as an adjustment 9 if your AGI qualifies you.

If you are non-resident alien -- then , unless you have  US sourced / connected income  you do not file a US return and  this  loan-interest  is only pertinent for your country return

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