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The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in the routine of paying their college debt — with interest.
Student loan holders receive an important tax break in the form of the student loan interest deduction. Per the IRS, when you pay interest on a qualified student loan, either through voluntary or ...
Are student loans tax deductible? A guide to rules & limits ... For tax year 2020 (filing in 2021), the student loan interest deduction was worth as much as $2,500 for a single filer, head of ...
If you take out student loans to pay for college, you might qualify for the student loan interest deduction. This deduction allows you to reduce your taxable income by up to $2,500 per year.
There’s a deduction you can take when filing your taxes if you paid student loan interest. Paid your student loans in 2023? You could qualify for this tax deduction for the first time
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