451193
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

ard415
New Member

I have student loan that I have taken from a foreign bank. Can I deduct my student loan Interest from my taxes?

 
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 Reply

I have student loan that I have taken from a foreign bank. Can I deduct my student loan Interest from my taxes?

If your loan meets the following IRS requirements, you can deduct the interest.

https://www.irs.gov/publications/p970/ch04.html#en_US_2015_publink1000178237

Qualified Student Loan:

This is a loan you took out solely to pay qualified education expenses (defined later) that were:

  • For you, your spouse, or a person who was your dependent when you took out the loan;

  • Paid or incurred within a reasonable period of time before or after you took out the loan; and

  • For education provided during an academic period for an eligible student.

Loans from the following sources aren't qualified student loans.

  • A related person.

  • A qualified employer plan.

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