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Question

Will student loan payments be extended 2021?

Forum|Forum|5 years ago
January 13, 2021
2 replies
0 views

2020 payments were given back. Will my taxes be offset 2021?

TurboTax Free Edition Online

Employee

Your tax refund will not be offset for student loans for 2020.

**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.**

On Dec. 4, 2020, the secretary of education extended the emergency relief measures for ED-held student loans until Jan. 31, 2021, so your 2020 taxes will not be offset.

Click this link for more info on Student Loan Payments.

This link will give you instructions on how to enter your Form 1098-E in TurboTax. The amount of interest you paid (up to $2,500) is deducted from your income.