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Student Loan Tax Deduction 2011

Tax Tips 2010 #13 of 20Are Student Loans Tax Deductible? | The TurboTax Blog – When you start repaying a student loan, you cannot claim a deduction for your entire payment; however, you can deduct the portion that covers your interest charges.

2011 Student Loan Interest Deduction for Married – TurboTax … – You are misunderstanding the nature of the $2,500 student loan interest deduction. It is a deduction, not a credit. It reduces your taxable income before you calculate your tax liability by $2,500.

Student Loan Interest Tax Deduction – About – Student Loan Interest Deduction Interest paid on a student loan may be tax deductible

Tax Benefits for Education: Information Center – Student Loan Interest Deduction. Generally, personal interest you pay, … This deduction can reduce the amount of your income subject to tax by up to $2,500. The student loan interest deduction is taken as an adjustment to income.

Tax Topics – Topic 456 Student Loan Interest Deduction – Topic 456 – Student Loan Interest Deduction. … See Publication 970, Tax Benefits for Education, and the Form 1040 Instructions … (PDF), Student Loan Interest Statement, from the entity to which you paid the student loan interest.