Paid student loan interest in 2019, over $1K in total. Didn't see this deducted from fed tax. Is this bc I am self employed, 1099-MISC only, no W2. Yearly income is <15K.

138

Expert Alumni

Mar 4, 2020 5:03:25 PM

You should be able to deduct your student loan interest. However, if your net income is lower than the standard deduction, you will not see a benefit. Please click here for information on deducting your student loan interest.

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Paid student loan interest in 2019, over $1K in total. Didn't see this deducted from fed tax. Is this bc I am self employed, 1099-MISC only, no W2. Yearly income is <15K.