BookSmartLoans.com » United States http://booksmartloans.com Fri, 24 Feb 2012 23:30:34 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Are Student Loans considered income to the IRS? http://booksmartloans.com/are-student-loans-considered-income-to-the-irs/ http://booksmartloans.com/are-student-loans-considered-income-to-the-irs/#comments Tue, 02 Dec 2008 09:28:51 +0000 Loans http://booksmartloans.com/are-student-loans-considered-income-to-the-irs/ student loans
noggle4 asked:


If I get student loans in the amount of 34900.00, and put into a checking account (private student loan) is this income that I have to report?

]]> http://booksmartloans.com/are-student-loans-considered-income-to-the-irs/feed/ 8 Can I claim the interest paid on student loans if not enrolled? http://booksmartloans.com/can-i-claim-the-interest-paid-on-student-loans-if-not-enrolled/ http://booksmartloans.com/can-i-claim-the-interest-paid-on-student-loans-if-not-enrolled/#comments Sat, 29 Nov 2008 21:21:37 +0000 Loans http://booksmartloans.com/can-i-claim-the-interest-paid-on-student-loans-if-not-enrolled/ Continue reading →]]> student loans
C F asked:


I’m filing this years income tax return and I’m confused on the student loan interest. Can I claim the interest if I wasn’t enrolled last year? I graduated a few years ago but I still pay student loans and interest. The guidelines for claiming are sort of confusing so I wasn’t sure if I can claim. It will add a few hundred to my return if I can claim.
did I have to attend school in 2007 to take this?

or just pay interest on loans?

]]> http://booksmartloans.com/can-i-claim-the-interest-paid-on-student-loans-if-not-enrolled/feed/ 2 Can you claim your 2006 taxes that the govt took for student loans on your 2007 return as a deduction? http://booksmartloans.com/can-you-claim-your-2006-taxes-that-the-govt-took-for-student-loans-on-your-2007-return-as-a-deduction/ http://booksmartloans.com/can-you-claim-your-2006-taxes-that-the-govt-took-for-student-loans-on-your-2007-return-as-a-deduction/#comments Fri, 28 Nov 2008 09:52:10 +0000 Loans http://booksmartloans.com/can-you-claim-your-2006-taxes-that-the-govt-took-for-student-loans-on-your-2007-return-as-a-deduction/ Continue reading →]]> student loans
~*~*Jen~*~*~ asked:


I had defaulted student loans in 2006 so the govt took my whole refund in order to help pay off my student loans. Well my loans are no longer in default and I know there’s a place for student loan interest to be taken off of your AGI but I wasn’t sure if I could claim this amount or not. I know the money that I have paid off to get them out of default I can claim but I’m wondering about the money that the govt took.

And if so where could I find some info on this subject, I’ve looked high and low and the irs. gov website doesn’t really give you a clear defition of what counts and what doesnt.

]]> http://booksmartloans.com/can-you-claim-your-2006-taxes-that-the-govt-took-for-student-loans-on-your-2007-return-as-a-deduction/feed/ 8 How will my student loans affect my tax returns? http://booksmartloans.com/how-will-my-student-loans-affect-my-tax-returns/ http://booksmartloans.com/how-will-my-student-loans-affect-my-tax-returns/#comments Wed, 26 Nov 2008 07:02:12 +0000 Loans http://booksmartloans.com/how-will-my-student-loans-affect-my-tax-returns/ Continue reading →]]> student loans
Heather S asked:


I am going back to school and took out some student loans to get me through it. I am wondering if these student loans will affect tax returns even though I won’t be making any payments for a coupklel more years till I graduate. Just what should I expect.

]]> http://booksmartloans.com/how-will-my-student-loans-affect-my-tax-returns/feed/ 4