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June 6, 2019
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Question: If a have a garnishment on my bank account for student loans, can that be considered a tax deduction?

  • June 6, 2019
  • 1 reply
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Best answer by DexterS

Sorry, no.  Paying back student loans, whether by direct payment, or garnishment is not something you can deduct.

If you are paying interest on student loans, that is deductible.

1 reply

DexterSAnswer
Employee
June 6, 2019

Sorry, no.  Paying back student loans, whether by direct payment, or garnishment is not something you can deduct.

If you are paying interest on student loans, that is deductible.