Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Paid Loan Intrest/Amount in India for Student in USA (https://www.askmehelpdesk.com/showthread.php?t=311100)

  • Jan 31, 2009, 10:21 AM
    sonuataskcom
    Paid Loan Intrest/Amount in India for Student in USA
    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?
  • Jan 31, 2009, 08:14 PM
    MukatA

    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

    • All times are GMT -7. The time now is 05:14 PM.