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March 22, 2020
Question

I have paid a student loan garnishment throughout 2019, and was wandering if I can claim that on taxes?

  • March 22, 2020
  • 1 reply
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1 reply

ColeenD3
March 22, 2020

The only thing that is deductible is the interest paid. This is usually reported on a 1098-E.

 

Please see this answer from JulieH1.

 

No, the wage garnishment cannot.  That is just repaying a loan. 

However, if you are paying interest on the loan that may be deductible on your return. Student loan interest is interest you paid during the year on a qualified student loan. If you are paying interest on the loan it may be deductible on your tax return as an adjustment to your income if all the following apply:

  • Your filing status is any filing status except married filing separately.

  • No one else is claiming an exemption for you on his or her tax return.

  • You are legally obligated to pay interest on a qualified student loan.

  • You paid interest on a qualified student loan.