Are Student Loans considered income to the IRS?
December 2, 2008 | 8 Comments
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?
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?
What do your taxes have to do with student loans?
November 30, 2008 | 3 Comments
Mac Hine asked:
Maybe if I was applying for finanacial aid – but, I am using my student loans – they are different. What do my taxes have anything to do with my student loan elgibility?
Maybe if I was applying for finanacial aid – but, I am using my student loans – they are different. What do my taxes have anything to do with my student loan elgibility?
Can you claim your 2006 taxes that the govt took for student loans on your 2007 return as a deduction?
November 28, 2008 | 8 Comments
~*~*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.
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.