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Income taxes
sunshine33
Feb 2, 2009, 11:21 AM
I am on s.s. only live in pa. I have a loan I paid a lot of interest on.can I get any back by filing taxes?
AtlantaTaxExpert
Feb 3, 2009, 11:29 AM
Negative.
If Social Security is your only source of income, then it is NOT taxable, and there is NO income against which to deduct the loan interest.