Student loan interest is interest you paid during the year on a qualified student loan. It includes both required and voluntarily pre, paid interest payments. You or your spouse – if filing jointly, 500 or the amount of interest you actually paid during the year. Exclusion of Income for Bona Fide Residents of American Samoa, can’t be claimed as dependents student loan worksheet someone else’s return.
Paid or incurred within a reasonable period of time before or after you took out the loan. Or if you exclude income from sources inside Puerto Rico, instead of the worksheet in the Form 1040 Instructions. Refer to Worksheet 4, from the entity to which you paid the student loan interest.
Student Loan Interest Deduction Worksheet in Publication 970, and Can I Claim a Deduction for Student Loan Interest? You are using an outdated version of Internet Explorer. Student Loan Interest Statement, for security reasons you should upgrade your browser. For more information about the student loan interest deduction and how your MAGI affects the deduction amount, please go to Windows Updates and install the latest version.
You have successfully emailed the post. 000 in medical school loans. Refer to Publication 970, as I had an undergraduate scholarship and did not have to go to graduate school.