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March 10, 2021
Question

Is student loan interest considered as itemization? or can it be included on standard deduction?

  • March 10, 2021
  • 2 replies
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2 replies

DoninGA
Employee
March 10, 2021

Student loan interest paid is an adjustment to income.  It reduces your taxable income.

 

Enter student loan interest in the Search box located in the upper right of the program screen. Click on Jump to student loan interest

 

Hal_Al
Employee
March 10, 2021

Q.  Is student loan interest considered as itemization? or can it be included on standard deduction?

A. Neither. It is an "adjustment to income", sometimes known as an "above the line" deduction. That is, you get that deduction in addition to your standard deduction (or your itemized deductions).