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zwebnatale1100
March 2, 2021
Question

Under the state portion. It says Enter the amount paid toward qualified student loans in 2020. Is this for federal and state?

  • March 2, 2021
  • 1 reply
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1 reply

D
DavidD66
March 2, 2021

According to the IRS, for the student loan interest deduction:

 

A qualified student loan is a loan you took out solely to pay qualified higher education expenses that were:

  • For you, your spouse, or a person who was your dependent when you took out the loan;
  • For education provided during an academic period for an eligible student; and
  • Paid or incurred within a reasonable period of time before or after you took out the loan.

This is entered in the federal section, and it may also be an adjustment item on your state return.  If asked, enter in the state section too.

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