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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...
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.
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...
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...
"Student loans that are forgiven after Dec. 31, 2020, and before Jan. 1, 2026, will not be taxed on a federal return, but for state income tax, there are some exceptions," Kathy Pickering, chief ...
There’s a deduction you can take when filing your taxes if you paid student loan interest. ... borrowers with payments due in October made payments by mid-November. More than 4 million owed for ...
You betcha: If you paid on student loans in the prior tax year, you might qualify for the student loan tax deduction, which allows borrowers to deduct up to $2,500 in interest they paid from their ...
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