Oct
18
18
Can you deduct interest paid on federal student loans on your taxes? If so up to how much?
United States
Ray M asked:
I have a federal student loan from Sallie Mae for around 20,000 dollars. I have accrued interest on it of about 2,000. I was just wondering if interest paid on my loan is eligible for tax deduction? If it is up to how much and if my interest paid covers more than the taxes I owe do I get the remainder of it in my tax refund?
Related Blogs
- Related Blogs on Federal Loan
- Federal Student Loans Problems
- Types of Federal Student Loans
Ask a Question
Tags: Federal Loan, Federal Loans, Federal Student Loan, Federal Student Loans, Federal Taxes, Remainder, Sallie Mae, Tax Deduction, Tax Refund
Add A Comment