Grad Student tax question.?

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Grad Student tax question.?

I am currently a graduate student whose loans are deferred right now and am paying for tuition through loans. Can I write any of these off?

2007-02-01 17:23:10 · 2 answers · asked by Clark K. 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

No. you can't write these off unless you made payments on the loans. You can however claim the Lifetime Learning credit which is 20% of your annual tuition.

2007-02-01 17:39:38 · answer #1 · answered by Dave W 2 · 0⤊ 0⤋

You can take the Lifetime Learning credit for tuition and fees paid in 2006. Paying them with a loan still counts.

2007-02-02 02:06:01 · answer #2 · answered by Judy 7 · 0⤊ 0⤋