by Paula Kennedy, EA | Dec 21, 2021 | Tax
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest you pay on the loans. The answer is yes, subject to certain limits. The maximum amount of student loan interest you can deduct each year is $2,500....
by Paula Kennedy, EA | May 26, 2020 | COVID-19
The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with a student loan have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains some assistance to borrowers with federal student loans. Notably,...
