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Student loan interest write-off

Last post 12-01-2008 12:42 PM by Joyous. 1 replies.
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  • 11-30-2008 8:55 PM

    • Kim_150
    • Top 75 Contributor
      Female
    • Joined on 10-05-2008
    • Green Bay, WI
    • Posts 525

    Student loan interest write-off

    For those of us who are paying student loans, don't forget you can write off the interest you pay, up to $2500. 

    To do that, you need to get form 1098-E from your student loan company or companies, whoever you are making payments to.

    Some companies will send this form to you automatically, or make it available electronically. You might want to contact them to see how you can receive it.  Your company may need you to fill out and send in form W-9S before they'll send you the 1098-E. Form W-9S is just a statement that you used all of the loan money for education expenses. If you don't know what expenses qualify, look up IRS publication 970, part 4 (Student Loan Interest Deduction).

    Be sure to look into this soon, because one of my companies needs the W-9S before December 15th for the coming tax season!

  • 12-01-2008 12:42 PM In reply to

    Re: Student loan interest write-off

    Thanks for the heads-up, Kim!

    ~~~~
    My next grocery shopping target date: March 14th


    Take care of the sense, and the sounds will take care of themselves.
    ~ Lewis Carroll

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