If Biden wants to forgive my student loan, I'll take it. Won't vote for him for anything, but I'll take the payoff. The amount of taxes I've paid over the last several years would cover the amount of my student loans many times over. It'll be like getting a refund.
The interest is tax deductible, but there's a cap. Maximum $2500 a year in interest paid. So nowadays when I do my taxes I see them go down about $35 because of my student loans.
If Biden wants to forgive my student loan, I'll take it. Won't vote for him for anything, but I'll take the payoff. The amount of taxes I've paid over the last several years would cover the amount of my student loans many times over. It'll be like getting a refund.
are student loan payments tax deductible?
The interest is tax deductible, but there's a cap. Maximum $2500 a year in interest paid. So nowadays when I do my taxes I see them go down about $35 because of my student loans.