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.
sguttery89
New Member
Shogun159
Level 3
garys_lucyl
Level 2
amyb5984
New Member
njlady1024
New Member