Tag: Taxes
What is the maximum student loan interest you can reclaim on taxes per year?
by admin on Aug.18, 2008, under Financial Aid
For instance, if i pay $5,000 vs $10,000 in student loan interest, do I get a bigger tax break or more money back if I pay $10,000 vs $5,000? Or is it capped at a certain amount once you pay a certain amount of money?
Can student loan interest be an itemized deduction on your taxes?
by admin on May.10, 2008, under Financial Aid
The Student Loan Deduction allows you to deduct up to $2500. In 2007 I paid well over $2500 in interest and obviously want to take advantage of this.


