Can I Claim Education Expenses Even I Paid With Money From A Student Loan?
I got a form 1098-T for my education expenses, but I paid those with money from a student loan that I haven’t started repaying yet. I can’t claim that on my income taxes, right?
Judy said
am January 24 2010 @ 1:45 am
That’s OK, you still get the credit. Paying with a loan is paying it, since you have to pay back the loan. If it was with a grant or scholarship, then you wouldn’t get the credit.
Russell K said
am January 24 2010 @ 6:19 am
That is correct: your education expenses are deduct able. But even if you have a grant or scholarship, you can deduct the expenses but you have to include the grant or scholarship as income.
hk4902 said
am May 10 2010 @ 9:52 pm
Can I claim education expenses even I paid with money from a student loan? http://bit.ly/by2uvQ