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The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in the routine of paying their college debt — with interest.
Some welcome news for student loan borrowers: House lawmakers introduced a bill in Congress last month to expand the existing student loan interest deduction from $2,500 in annual interest to $10,000.
If you take out student loans to pay for college, you might qualify for the student loan interest deduction. This deduction allows you to reduce your taxable income by up to $2,500 per year.
About 48 million borrowers have student loan debt. According to the Education Data Initiative, the average federal student loan debt is $37,574 per borrower as of April 2023. The average private ...
In addition, Form 1098-E, which is the student loan interest statement, is due at the same time to anyone who paid $600 or more in student loan interest in the previous year. Despite discussions ...
There’s a deduction you can take when filing your taxes if you paid student loan interest. Paid your student loans in 2023? You could qualify for this tax deduction for the first time
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills. Here’s what borrowers need to know.
Learn how your student loans could qualify you for a tax break. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail ...
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related to: free resume maker for student loan interest deduction calculator tax relief