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2. Are College Tuition and Education Expenses Tax-Deductible?

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   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.

3. How Can I Reduce My Taxes? Your Tax Questions, Answered - AOL

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   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 ...

4. Taxes 2023: Credits, deductions and tax breaks for student ...

   www.aol.com/finance/taxes-2023-credits...

   Then you might be able to deduct up to $2,500 worth of the interest you paid for either a federal or private student loan — or both. You can claim the deduction on your federal income tax return ...

5. Student Loans: You Might Qualify for an Interest Deduction ...

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6. Income-driven repayment - Wikipedia

   en.wikipedia.org/wiki/Income-driven_repayment

   A proposal to forgive loans Loan with a starting balance of $12,000 and after 10 years is blocked by a preliminary injunction. Under the proposal, one year of payments is required for every additional $1000 originally borrowed, up to a cap of 20 years for undergraduate and 25 years for graduate loans.

7. 4 Ways To Find Tax Deductions That Work For You in 2024 - AOL

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   Student loan interest: If you made payments on federal or private student loans, you can deduct up to $2,500 of the interest paid during the year. ... 7 Home Items To Avoid Buying in 2024.

8. Paid your student loans in 2023? You could qualify for this ...

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   February 1, 2024 at 8:30 AM. ... You can take the student loan interest deduction even if you don’t itemize deductions. That’s because it’s claimed as an adjustment to income.

9. What to Know About the Student Loan Interest Tax Deduction - AOL

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   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 ...