Can student loan interest be used as a tax deduction if the loans are in deferment/forbearance?
I know that student interest loan can be vychtena.Mae loans are either postponed or patience. I have interest in a number of them, but not actually paid yet. Can I interest arise? Thank you!
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$0 paid, $0 deductible.
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.
No, you can only deduct the interest when you actually pay it, not when it accrues