when filing taxes does one need to report an unpaid school loan?

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2006-11-15 02:10:45 · 2 answers · asked by Dolores A 1 in Business & Finance ➔ Taxes ➔ United States

school loans are not reportable on your taxes. The interest IS Deductible! School loans must be repaid and are not even chargeable in a bankruptcy.

2006-11-15 02:32:58 · answer #1 · answered by golferwhoworks 7 · 0⤊ 0⤋

Note: If you are in default on student loans, any refunds that you file for will be seized and applied to the loan.

2006-11-15 02:48:28 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋