turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about One Big Beautiful Bill (OBBBA) on Jan 14! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bdugas43
New Member

If i have a forebearance on my student loan from NELNET and still have a balance due at the end of the year, will my tax refund be affected?

for example, if I had a $10,000 student loan in good standing, paid $1000 towards the loan during the year and had forebearance for 3 months at the end of the year, but, still had a balance of $9,000 at the end of the year, would my tax refund be affected due to the fact I still have a balance on the loan?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

If i have a forebearance on my student loan from NELNET and still have a balance due at the end of the year, will my tax refund be affected?

Generally, no.  If you are in a forbearance and your student loan is not delinquent your student loan should not have any effect on your tax refund. 

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

View solution in original post

2 Replies

If i have a forebearance on my student loan from NELNET and still have a balance due at the end of the year, will my tax refund be affected?

Generally, no.  If you are in a forbearance and your student loan is not delinquent your student loan should not have any effect on your tax refund. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
bdugas43
New Member

If i have a forebearance on my student loan from NELNET and still have a balance due at the end of the year, will my tax refund be affected?

Thank you for the quick response! greatly appreciated!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question