625428
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.
matto1
Level 2
trust812
Level 4
nirbhee
Level 3
Stephendsmith377
New Member
anil
New Member