Student Loan Interest Deduction
An adjustment to an individual's income for any interest paid on higher education loans during the tax year. Investopedia Says:
Only payments made within the first 60 months of finishing school qualify for the deduction, which is usually limited to a certain amount. Related Terms:
Deduction
Filing Status
Form 1099-Q
Full-Time Student
Income Tax
Lifetime Learning Credit
Qualified Higher Education Expense |