PDA

View Full Version : Student Loan F1 Student


kdigu79
Apr 9, 2009, 06:14 PM
Hi
I am on my OPT. I am on my F1 Visa. I have taken a Student loan in India for my Masters, and I have paid off about 5000 dollars in 2008.
Can I get a student Loan Deduction on this amount. If yes What are the documents that I need to submit.



Thanks
Kiran

MukatA
Apr 9, 2009, 07:29 PM
Student loan payment is not deductible for residents or nonresidents.
Read: Your U.S. Tax Return: U.S. Tax Filing Requirements for Non-Residents (http://taxipay.blogspot.com/2008/03/us-tax-filing-requirements-for-non.html)

AtlantaTaxExpert
Jun 9, 2009, 10:14 AM
While the student loan payment itself is not deductible, the interest on the loan IS deductible whether you file as a resident or non-resident alien.

The loan just needs to be used exclusively for tuition and allowable fees.