2006-08-09 05:56:13 · 4 answers · asked by keke16 1 in Business & Finance ➔ Taxes ➔ United States
It's an above the line deduction or adjustment to income.....not too big of a deal unless you have $100K in student loans.
2006-08-09 06:25:20 · answer #1 · answered by 3eleven 4 · 0⤊ 0⤋
You can claim a student loan interest deduction. This must be only on interest that you have paid back on the loan!
2006-08-09 09:46:17 · answer #2 · answered by Josh 4 · 0⤊ 0⤋
No you don't get taxes back but you do get to claim that you pay your student loans when filing your taxes.
2006-08-09 05:59:29 · answer #3 · answered by sfcduggan 2 · 0⤊ 0⤋
http://www.irs.gov/individuals/students/index.html
this irs link should help you out. I know you can deduct interest paid on student loans and and tution that you paid out of pocket in that tax year.
2006-08-09 06:25:00 · answer #4 · answered by littlebettycrocker 4 · 0⤊ 0⤋