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Daily Archives: August 16, 2018

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Are my student loan payments tax deductible?

Blog, Starting Out, TaxBy Editorial TeamAugust 16, 2018

Your actual student loan payments aren’t deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2018, the maximum deduction is $2,500. You don’t need to itemize to claim this deduction. To qualify, you must meet a few requirements: First, the student loan on which you’re paying interest must be…

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