The DOE put a Writ of Garnishment for my student loan they take a % weekly from my paycheck
The repayment of a loan is not tax deductible. Student loan interest is an adjustment to gross income and the lender provides a 1098-E, I believe.
Agree with Mr. Zagara. Repayment of the principal amount of a loan is not tax deductible.
Ms. Willi is a tax attorney, CPA, and Ohio-Certified Specialist in Estate Planning, Trust & Probate Law, with offices in Westerville, Ohio. She serves client families and private business owners throughout Ohio. Ms. Willi responds to Avvo questions as a public service to help educate and provide general guidance to questioners, but her responses are not legal advice and do not create an attorney-client relationship. Her posts are provided for informational purposes only and are not a substitute for advice provided by an attorney or licensed tax professional. Her phone number is 614-890-0500 and her website is www.willilaw.com.
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