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2007-04-01 17:48:09 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
i meant Student loan interest paid in 2006 on form 1098
2007-04-01 17:50:12 · update #1
Not necessarily, as long as you are paying interest on student loan, you entiltled to the student loan tax deduction
2007-04-02 04:43:15 · answer #1 · answered by Ola 4 · 1⤊ 0⤋
No. If you paid interest on a student loan in a given year, you can claim it on the tax return for that year. So if you received a 2006 Form 1098, you would report the interest on your 2006 tax return. Whether or not you are in school now is irrelevant, as people usually pay back school loans after they've finished school.
2007-04-01 20:49:51 · answer #2 · answered by tma 6 · 5⤊ 0⤋
No. In many if not most cases, you'll be paying the loans after you're out of school - you deduct the student loan interest in the year you actually pay it.
2007-04-02 02:43:23 · answer #3 · answered by Judy 7 · 1⤊ 0⤋