The Lost Borrower Campaign

Archive for the ‘United States’ Category

About graduate student loans, is it possible to deduct paid interest from taxes paid later when at work?

Tuesday, May 26th, 2009

Nolita asked:

If both spouses have asked for loans , does it make any difference to make a deduction if one or both are working after they graduate ?

Gordon

Tags: Graduate Loans, Graduate Student Loans, Taxes
Posted in United States | 4 Comments »

Question about Tax Returns. Can I use my Student Loans for a Tax Credit. How does that work?

Monday, May 25th, 2009

Agent 47 asked:

In my Student Loan accounts it says that I will be able to use a reportable tax interest form 1098E. Does that mean I can use my loan repayments as a tax credit or deductible? By the way, My loans are currently on Forbearance.

Tony

Tags: Forbearance, Loan Accounts, Loan Repayments, Tax Credit, Tax Interest
Posted in United States | 2 Comments »

Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?

Thursday, May 21st, 2009

AG asked:

I know that student loan interest can be deducted.

My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?

Thanks!

Floyd

Tags: Deferment Forbearance, Student Loan Interest, Student Loans, Tax Deduction, Tax Loans
Posted in United States | 3 Comments »