I talk with someone from the borad of education and they said that if i pay off the inerest i can get my tax. I would like to know if is't true .are what can i do because geting my taxs.
2006-09-20 14:00:10 · 4 answers · asked by nelly 1 in Education & Reference ➔ Financial Aid
If you pay interest on your school loans, the federal government allows you to claim that as an expense on your federal income taxes which can give you a bigger refund for that year. You still have to pay regualr income taxes throughout the year via your job bceause you only get the savings when you file your income taxes at the end of the year.
2006-09-20 17:35:35 · answer #1 · answered by Lauren 4 · 1⤊ 0⤋
like lauren had said....but it is better to pay ur intrest anyway because it keeps the amount of intrest down. So if u took out 10,000 in loans then that intrest is at 8% then the pay back is like 18,000....so if u start to pay that intrest back then ur loan payment wont be as high....
2006-09-21 04:54:59 · answer #2 · answered by csabrinam 3 · 0⤊ 0⤋
I would like to help you but I can't understand what you are asking. Sorry!
2006-09-20 14:19:27 · answer #3 · answered by matt 7 · 0⤊ 0⤋
That made no sense
2006-09-20 14:07:52 · answer #4 · answered by billyandgaby 7 · 0⤊ 0⤋