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The loan was for a dependent: If you took out a loan in your own name for someone else like a child or other dependent, you can take the student loan interest deduction.
Here's what borrowers should know about the student loan interest tax deduction as they begin preparing to file their taxes. In addition, Form 1098-E, which is the student loan interest statement ...
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This benefit has grown as education debt has increased. According to the Washington Post, student debt has nearly tripled since the early 1990s and averaged $35,000 in 2015. [2] Only about 3% of companies currently offer employer student loan contributions, according to a survey by the Society for Human Resources Management from June 2015. [2]
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Millions of federal student loan borrowers just made payments for the first time in years — or ever. What does that mean for 2023 taxes? Student loans eligible for tax deductions
Once you or your spouse turn 65, you can qualify for an additional standard deduction on top of the basic standard deduction you’d normally receive — or $14,600 for individuals and $29,200 for ...
Retiring without debt is the dream, but this isn't always feasible. According to the Federal Reserve, Americans age 60 and up carry around $126.6 billion in student loan debt alone -- that's way...