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As interest on existing student loans began accruing again in September 2023, borrowers could have up to four months of interest payments to deduct by the end of 2023. This, in turn, will reduce ...
Normally, student loan borrowers can deduct the interest they paid on their loans from their income tax returns, but things haven't been normal for a few years. Federal student loan payment pauses...
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October.. The pandemic-related pause, which went ...
Although borrowers were granted a stay of student loan payment since the start of the pandemic in March of 2020, many vulnerable borrowers will struggle to pay their bills when payments resume on...
Millions of federal student loan borrowers just made payments for the first time in years — or ever. What does that mean for 2023 taxes? Student loans eligible for tax deductions
The federal student loan pause has been extended and student loan cancellation for some borrowers has been announced—but there are some other things you should know about student loans and taxes.
Also, you should note that there are income limits for the student loan interest deduction as well. Singles with incomes above $85,000 or joint filers with incomes above $170,000, for example, do ...
Now that the student loan payment pause has come to an end, the reality of monthly student loan payments is sinking in. But thankfully, now there's a benefit that student loan borrowers can claim...
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