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danaker
Feb 18, 2009, 11:05 AM
My daughter baught a new car in 2008, is the sales tax or the loan interest deductable with out itemizing deductions Also can you deduct interest on student loanes without itemizing?

MukatA
Feb 18, 2009, 11:07 PM
Sales tax deduction is itemized deduction.
Student loan interest deduction is not an itemized deduction. It is adjustment deduciton on line 33 of Form 1040.
Read more at Your U.S. Tax Return: Student Loan Interest Deduction (http://taxipay.blogspot.com/2008/03/student-loan-interest-deduction.html)