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sonuataskcom
Jan 31, 2009, 10:21 AM
Hello Tax Eperts,

For a student,F-1, in USA if he pays back his Education Loan in India, can he get any benefits by indicating that Amount/Intrest while filling 2008 Tax? If yes what point should be considered while claiming?

MukatA
Jan 31, 2009, 08:14 PM
Yes, if it is loan which you took to pay your tuition and fees, then loan interest amount is deductible. You can not take tuition and fee adjustment deduction. Read more at Your U.S. Tax Return: Student Loan Interest Deduction (http://taxipay.blogspot.com/2008/03/student-loan-interest-deduction.html)