The loan must be taken out solely to pay for qualified education expenses for you, your spouse, or a dependent.
Yes, you can deduct student loan interest on your taxes in 2018, up to a certain limit.
For the 2018 tax year, the maximum amount of student loan interest that can be deducted is 2,500.
The maximum amount of student loan interest that can be deducted on taxes for the year 2018 is 2,500.
The maximum amount of student loan interest deduction you can claim on your taxes for the year 2018 is 2,500.
No, fed student loans are not income. Unless I'm forgetting something, you get to deduct the interest paid on the loan as you're paying it off. They should send out a 1098 to report that when applicable. That's the only tax implication...
Yes, you can deduct student loan interest on your taxes in 2018, up to a certain limit.
For the 2018 tax year, the maximum amount of student loan interest that can be deducted is 2,500.
The maximum amount of student loan interest that can be deducted on taxes for the year 2018 is 2,500.
The maximum amount of student loan interest deduction you can claim on your taxes for the year 2018 is 2,500.
http://www.ird.gov.hk/eng/faq/ctr.htm#item5 I doubt it.
"Personal" interest is NOT deductible.
no
no
No, fed student loans are not income. Unless I'm forgetting something, you get to deduct the interest paid on the loan as you're paying it off. They should send out a 1098 to report that when applicable. That's the only tax implication...
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
Student loan interest rates tend to vary depending on the type of loan. More information is provided by American Student Assistance, which can be found at www.asa.org.