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March 15, 2021
Question

Can I report student loan interest on two loans?

  • March 15, 2021
  • 1 reply
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Co-signed for numerous college loans, for two children ( now adults) can we all report student loan interest for each loan for the $2500 max. Note the interest payed is over $5000

1 reply

March 15, 2021

No. The maximum amount deductible for the student loan interest is $2,500 per tax return.

 

Please read this IRS document for more information.

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