Category Archives: Student Loans

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.

Scholarships Taxable or Not

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…
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Deducting Student Loan Interest

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…
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