Tax Student Loan Interest Resources and More...
Form 1040 Line 26 Student Loan Interest
You can claim up to $2,500 of student loan interest you paid in 2004 as an above-the-line tax deduction on Form 1040 line 26....(Continue Reading)
Student Loan Interest Rates Drop
Interest rates on federal student loans will drop to the lowest rate in decades - only 4.06 percent - on July 1, announced Secretary of Education Rod Paige....(Continue Reading)
What Tax Records Do I Need?
Before you prepare your own taxes, or visit your local tax preparer, gather all the documents you need to prepare a complete tax return....(Continue Reading)
What Tax Records Do I Need?
Before you prepare your own taxes, or visit your local tax preparer, gather all the documents you need to prepare a complete tax return....(Continue Reading)
Adjustments to Income - Tax Glossary
Definition of Adjustments to Income: certain expenses which directly reduce your total income....(Continue Reading)
Adjustments to Income - Preparing Your 1040 Step 5
How to calculate and claim various tax deductions known as "above-the-line" deductions or adjustments to income. These deductions directly reduce your income, and you don't need to itemize. Line-by-line instructions for Form 1040 lines 23 to 34....(Continue Reading)
Perkins Loans
A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with financial need. Your school is your lender. The loan is made with government funds, and your school contributes a share. You must repay this l...(Continue Reading)
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Recommended Tax Student Loan Interest Site:
Tax Topics - Topic 456 Student Loan Interest Deduction
More information on student loan interest deduction and other education benefits is available in Publication 970, Tax Benefits for Education. …
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