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We can’t give tax advice, but here are some resources for more information on taxes: Visit IRS.gov or call 800-829-1040. Refer to IRS Pub 970, Tax Benefits for Education, or review the Student Loan Interest Deduction Worksheet in your 1040 or 1040A instructions. Contact your tax advisor.
26 kwi 2024 · Student Loan Interest Deduction: If you have federal or private student loans, you may be eligible to deduct up to $2,500 of interest as an adjustment to your taxable income. The student must be enrolled at least half-time in a program leading to a degree or other recognized educational credential.
7 lis 2024 · If you've paid interest on your student loans, you may be able to reduce your federal taxable income by up to $2,500 thanks to the student loan interest deduction, or SLID.
If you're an existing student loan customer please call: 800-472-5543. International: 877-416-0012. Monday–Thursday: 8 a.m. to 8 p.m. ET Friday: 8 a.m. to 5 p.m. ET. Payments can be made any time through our automated phone system. Borrower payment address. Sallie Mae P.O. Box 8459 Philadelphia, PA 19101-8459. Cosigner payment address. Sallie ...
11 paź 2022 · The short answer is yes. You can deduct all or a portion of your student loan interest if you meet all of the following requirements: You paid interest on a qualified student loan during the...
21 paź 2024 · You can claim the deduction if all of the following apply: You paid interest on a qualified student loan in tax year 2023; You're legally obligated to pay interest on a qualified student loan; Your filing status isn't married filing separately; Your MAGI is less than a specified amount which is set annually; and.
4 mar 2024 · Student loan interest is deductible if your modified adjusted gross income, or MAGI, is less than $70,000 ($145,000 if filing jointly). If your MAGI was between $70,000 and $85,000 ($175,000 if...
