http://www.fixedratestudentloans.net/can-student-loan-interest-be-used-as-a-tax-deduction-if-the-loans-are-in-defermentforbearance What You Need to do to Get Into College When Money is an Issue Wed, 01 Feb 2012 18:19:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.fixedratestudentloans.net/can-student-loan-interest-be-used-as-a-tax-deduction-if-the-loans-are-in-defermentforbearance/comment-page-1#comment-840 Judy Thu, 29 Jul 2010 20:29:15 +0000 #comment-840 No, you can only deduct the interest when you actually pay it, not when it accrues No, you can only deduct the interest when you actually pay it, not when it accrues

]]> http://www.fixedratestudentloans.net/can-student-loan-interest-be-used-as-a-tax-deduction-if-the-loans-are-in-defermentforbearance/comment-page-1#comment-841 v b Thu, 29 Jul 2010 20:29:15 +0000 #comment-841 $0 paid, $0 deductible. $0 paid, $0 deductible.

]]> http://www.fixedratestudentloans.net/can-student-loan-interest-be-used-as-a-tax-deduction-if-the-loans-are-in-defermentforbearance/comment-page-1#comment-842 TaxGurl Thu, 29 Jul 2010 20:29:15 +0000 #comment-842 You can only deduct interest that you actually PAID during the tax year, not the interest that is accruing. Sorry to be the bearer of bad news but you have to wait until you start making payments on the loans to be able to take a deduction for any of the interest. You can only deduct interest that you actually PAID during the tax year, not the interest that is accruing. Sorry to be the bearer of bad news but you have to wait until you start making payments on the loans to be able to take a deduction for any of the interest.

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