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January 9, 2025
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If I haven't made any payments toward my student loans, do I still qualify for the student loan interest paid tax deduction?

  • January 9, 2025
  • 1 reply
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I'm not entirely sure if I qualify or not. I do have student loans that have incurred interest, but I have yet to make a payment. Do I qualify?
    Best answer by xmasbaby0

    If you have not made any payments on your student loans, and have paid no interest on those loans, no, you cannot get a deduction for student loan interest.  The deduction is only for actually paying interest, and you would have a 1098E from the lender showing the interest you paid during the year.

    1 reply

    xmasbaby0Answer
    Employee
    January 9, 2025

    If you have not made any payments on your student loans, and have paid no interest on those loans, no, you cannot get a deduction for student loan interest.  The deduction is only for actually paying interest, and you would have a 1098E from the lender showing the interest you paid during the year.

    **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.**