I am curently in my grace period for my school loan, ends in march. If I influence to go back to school before March, will it affect my tax refund. And also if I start making payments my april does it affect my tax refund also. And whenwill a student loan affect someone’s tax refund? after grace period, in forbearance or when it goes in default. Thanks
scholarships.onlinewebshop.net – it provides some tips about applying to US centralized and state grants for institution students.
If you are in default on your student loan, your refund may be taken to pay on your loan.
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A loan is NOT income, there for it has NO look on your taxes.When you pay it back, the INTEREST you pay is deducted from your taxable income. Since your grace period does not end until 2010, it has ZERO look on your 2009 tax return.
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the status of your loan relates to your refund
if you are delinquent on your payments and the lendor has turned it over to IRS, your refund will be withdrawn
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scholarships.onlinewebshop.net – it provides some tips about applying to US centralized and state grants for institution students.
References :
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