As of January 2025, the Department of Education (DOE) has temporarily suspended tax refund offsets for defaulted federal ...

Several tax breaks can help you cover the high costs of education, future college expenses and interest you pay on student ...

Federal financial aid and student loan programs may be on the verge of major changes as Republican lawmakers push for ...

Borrowers who paid at least $600 in student loan interest should receive a 1098-E form from their loan servicer to report on their tax return. Additionally, the deduction is classified as an ...

If you're one of the many Americans still paying off your student loans, there's a special tax deduction you should know about.

37% of taxpayers qualify. Simple Form 1040 returns only (no schedules except for the earned income tax credit, child tax credit and student loan interest). Live Assisted plan includes unlimited ...

Taxpayers can deduct up to $2,500 or the amount they paid in interest on qualifying loans in the given tax ... in student loan interest in 2024, your loan servicer should send you a 1098-E form ...

You'll usually receive Form 1098-T from the college ... during the pandemic can claim this tax break again, Kantrowitz says. “The student loan interest deduction allows a deduction for the ...

If you're one of the many Americans still paying off your student loans, there's a special tax deduction you should know about. Thomas is a native of upstate New York and a graduate of the ...

Unlike home equity loans, which can be tax-deductible, home improvement loans are a form of unsecured debt, rendering them ineligible for tax deductions. As a rule of thumb, if your home or ...