E46Fanatics - View Single Post - What are you doing with your tax return?
View Single Post
Old 02-25-2013, 11:44 AM   #136
Registered User
Join Date: Feb 2012
Location: Carlsbad, CA
Posts: 246
My Ride: 2002 330ci
Originally Posted by learthworml View Post
I already invested as much as I need. Student loans are not tax deductible, so I want to get rid of the higher interest ones. The ones below 4 percent, I am going to keep.
Originally Posted by slowturbo View Post
Student loan interest is tax deductible. Your lenders should each give you a 1098 at the end of each year so that you can write off the interest.

Student loans are tax deductible. I have two student loans and they both sent me 1098 E forms with how much interest I paid over the past year. Unfortunately it's that's not enough to get a big refund, but it helps. They should've sent you the form on the mail, if not check your account online.
MrEmitter is offline   Reply With Quote