Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
S
scorpio_53
April 17, 2022
Question

I paid $1750 in student loan interest last year. But TT is only showing $168 as thre deduction. Why?

  • April 17, 2022
  • 1 reply
  • 0 views
No text available

1 reply

X
xmasbaby0
Employee
April 17, 2022

The student loan deduction is not refundable.   It can reduce your tax owed -- up to $2500--- did you only have a tax liability of $168?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification