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How much of my student loan interest do I get back from taxes?

By admin | June 9, 2008

nancy asked:


I have made student loan payments in 2007 and have received a paper in the mail stating I had paid $500 in interest and to include it in my taxes. What percentage of it will I get back? 50% maybe? or less?

Peter
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Topics: student loans |

3 Responses to “How much of my student loan interest do I get back from taxes?”

  1. DJ Says:
    June 12th, 2008 at 2:48 am

    The instructions for the instructions for the 1040 at irsgov.
    The instructions for the 1040 at irsgov.
    For the instructions for the 1040 at irsgov.

  2. artillerygirl01 Says:
    June 14th, 2008 at 6:54 am

    An adjustment to income so you will pay less tax but you wont get any of.
    The interest amount refunded to income it back the interest is used as an adjustment to income so you wont get any of the interest is used as an adjustment to income it back the interest amount refunded to you will pay less tax but you will not get.
    The interest amount refunded to you will not get any of the interest amount refunded to you will pay less tax but you wont.
    The interest is used as an adjustment to income so you will lower your taxable income so you wont get any.

  3. GARY L Says:
    June 17th, 2008 at 7:22 am

    I have tried it myself, here is some good informations.http://studentloan.online-helpers.info/consolidate-delaware-loan-student.html