Can student loan interest be an itemized deduction on your taxes?
msphenom83 asked:
The Student Loan Deduction allows you to deduct up to $2500. In 2007 I paid well over $2500 in interest and obviously want to take advantage of this.
March 2, 2009
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It’s better than an itemized deduction. Assuming you are within the income limits to deduct it, you put it in the Adjustments section of your return, so you don’t even have to itemize to take it.
Comment by Judy — February 21, 2009 @ 3:49 pm