Steve Blank
Guest
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| Posted: Sat Jan 31, 2004 11:37 am
Post subject: Re: Is student loan interest tax exempt? |
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Student loan interest you paid is a deduction on your tax return. It is
not tax exempt income and it is not an item to be listed on Worksheet B.
Worksheet B is for untaxed income that you received.
--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
ArkieNurse wrote:
| Quote: | We efiled through jackson hewitt. The copy I was given of my tax form
has no numbers on it to correspond to the lines listed on the fafsa
worksheet.
I finally figured out that we made too much to qualifiy for EIC after
going to the irs site. Now I am trying to fill out worksheet b.
Since the interest I paid on my student loan is deducted from our
total income I am assuming it is tax exempt.
Am I right?
And yes, I am attempting a search of the irs site again, but my
browser has just frozen for the 3rd time in 30 min when I tried to
click on a link from the irs site
Vicky, with a huge headache right now.
vdison@seark.net
Try not to let your mind wander...It is too small and fragile to be out
by itself.
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