Tax Loans

February 24, 2009

Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?

Filed under: United States — Tags: Deferment Forbearance, Student Loan Interest, student loans, Tax Deduction, Tax Loans — admin @ 8:16 am

AG asked:

I know that student loan interest can be deducted.

My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?

Thanks!

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February 24, 2009

Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?