Did you know that under normal circumstances, you pay income taxes on canceled or forgiven student loan debt? Even though you ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.

Borrowers should prepare for a rocky road ahead if the agency closes. But experts say it won't happen overnight.

Deductions can make the difference in your tax refund amount. Here's what to know about tax rates for year 2024, how to track ...

If you're one of the many Americans still paying off your student loans, there's a special tax deduction you should know ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Interest on a housing loan for a self-occupied property, however, is not available for deduction under the new tax regime. In the old regime, such interest could be claimed, and any resulting loss ...

Depending on your income and filing status, that's a tax break worth up to $2,500. The student loan interest deduction Is student loan interest tax deductible? Who qualifies for the student loan ...

You can get your adjusted gross income by subtracting student loan interest ... “For example, interest on personal loans may be tax-deductible if an individual uses the proceeds of the loan ...

"Not all IRA contributions are tax-deductible ... the contribution limit for an FSA is $3,300. While student loans can be a burden, the interest you've paid can be a simple deduction on your ...

With student loan interest payments resuming in late 2023, many borrowers are eligible to claim this deduction for their 2024 tax filings. The benefit, which has existed since 1997, can help ...