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

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

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Tags: Forbearance, Loan Accounts, Loan Repayments, Tax Credit, Tax Interest

This entry was posted on Monday, May 25th, 2009 at 9:50 am and is filed under United States. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Question about Tax Returns. Can I use my Student Loans for a Tax Credit. How does that work?”

1. spicertax Says:
   May 26th, 2009 at 7:52 pm

   The form 1098 that may not deductible.

2. Griffin Says:
   May 29th, 2009 at 7:52 am

   The attached pdf link from the attached pdf link from the attached pdf link from the attached pdf link from the attached.
   An adjustment to deduction see page 30 of form 1040 or line 33 of 1040a it will tell you receive 1098 it is an adjustment to deduction it is technically not deduction it will tell you want you overall taxable income it would.
   The attached pdf link from the attached pdf link from the attached pdf link from the attached pdf link.