You'll need to sign in or create an account to connect with an expert.
No, the principal repayments of the loan are not tax deductible. They do not reduce your taxable income. They only reduce the balance due in the loan.
No, the principal repayments of the loan are not tax deductible. They do not reduce your taxable income. They only reduce the balance due in the loan.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
samman2922
New Member
Rprincessy
New Member
asrogers
New Member
Ninaya1
New Member
4md
New Member