When you do your taxes, are there questions about any loans you have taken out? (i.e. Student loans?)? : studentloansandgrants.info

When you do your taxes, are there questions about any loans you have taken out? (i.e. Student loans?)?

Sep 1st, 2008 by admin

(Stafford/Student Signature loans?)

on 02 Sep 2008 at 8:47 pm1Colin

I don’t think so. My student loans came from the Canadian Government, and I never had to declare that as income.

I just know I can claim interest paid on them.
on 05 Sep 2008 at 6:35 am2dpacman

There are not. Student loans are not a deduction. Home loans are.
on 07 Sep 2008 at 10:26 pm3puppywimp

No. That’s your right to confidenciality.
on 10 Sep 2008 at 8:11 pm4snidy1

The interest you pay for a student loan is deductible
on 12 Sep 2008 at 3:17 pm5jen

You do your taxes before April 15. Yes there are questions reguarding your studentloans.
on 17 Sep 2008 at 8:32 pm6basteve721

Yes, the interest is possibly tax deductable.

Also, check out the HOPE credit for 1st and 2nd yr full time students, up to $2000 deduction based on tuition paid. Then the Life Time Learning credit for students after their 2nd year of school or for students taking part time classes.