Student Loans

Scholarships Taxable or Not The really great thing about receiving a scholarship is that the award doesn\’t have to be paid back. But does a scholar­ship represent taxable income? It doesn\’t as long as certain conditions are satisfied. Here\’s a brief rundown of what\’s required for tax-free treatment. Candidate for a degree. The recipient must […]

Deducting Student Loan Interest, financing a college or graduate school education often requires incurring at least some student-loan debt. For those who qualify for it, the tax deduction for student-loan interest can help ease the financial burden. Overview, The deduction is available for as much as $2,500 of interest annually. Taxpayers don\’t. have to itemize