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Why does the student loan interest that I paid, reduce my federal tax refund?

Author: admin | Posted: 27-02-2010 | Category: Tax Refund Loan

I am using www.taxslayer.com online service. My refund comes to about $1240, but when I penetrate the total student loan interests that I paid, my centralized refund reduces to $740. Why does the interest I paid have a negative look on my centralized tax refund?

The student loan interest does reduce the refund that you should receive. If the software says it does, then a upset is incorrect with the software.

Category: Tax Refund Loan by admin

6 Responses to “Why does the student loan interest that I paid, reduce my federal tax refund?”

  1. StephenWeinstein, on February 27th, 2010 at 7:56 pm Said:

    The student loan interest does reduce the refund that you should receive. If the software says it does, then a upset is incorrect with the software.
    References :

  2. sar, on February 27th, 2010 at 8:35 pm Said:

    i would advise you to exit that system and dont file it with them
    References :

  3. Randall the EA, on February 27th, 2010 at 9:04 pm Said:

    It doesn’t. You messed up.
    References :

  4. smithsmallbiz1, on February 27th, 2010 at 9:48 pm Said:

    It does not. Claim it on 1040 line 33 or 1040a line18. It reduces your AGI.
    References :
    tax preparer

  5. Judy, on February 27th, 2010 at 9:58 pm Said:

    You’re doing a upset incorrect. The student loan interest paid is a deduction, and should increase your refund. You aren’t just entering it when they question for "interest", are you? That’s for interest expected, shown on form 1099-int.
    References :

  6. Jack, on February 27th, 2010 at 10:20 pm Said:

    culture.mypressonline.com – it provides some tips about applying to US centralized and state grants for institution students.
    References :

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