Hi all...i was hoping maybe someone relatively qualified could assist me with this. I think I'm ready to file my taxes for this year and have a couple questions before I do so...
1. I have a student loan out...I hear that the annual interest paid on the loan can be deducted from your taxes. Is that correct? If so, can it be done more than 1 year? (meaning if I have the loan out for 5 years, can I deduct the interest paid every year of those 5 years?)
2. I have a Roth IRA and am curious whether that has to be counted into my tax filing in anyway? I don't believe so, but I'm not positive.
Thanks much,
CT
2007-01-26
02:01:59
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5 answers
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asked by
Anonymous