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How to Use Deductions on a Tax Return

Can I claim my outstanding student loan as a deduction?

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  • Art Auerbach

    Tax Director, Goodman & Company, LLP

    http://www.goodmanco.com/  
     

    Serving clients since 1932, Goodman & Company brings 75 years of knowledge and experience to the demands of today's ever-changing business environment. Throughout the past 75 years, we've never strayed from our mission-to provide each client with personal, high-quality service using the most up-to-date technology and resources.

  • Can I claim my outstanding student loan as a deduction?

    Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are tips and pointers for those who have attempted this feat in prior years.

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    Tags:

    Taxes

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    Tax

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    Income

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    Deduction

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    W2

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    1099

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    Government

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    Accountant

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  • Transcripts

    Host:Can I claim my outstanding student loan as a deduction?

    Arthur Auerbach: You can claim the interest on your outstanding student loans as a deduction that is it appears in the adjustment section on Page 1 of Form 1040. That is un-unlimited timeframe so it doesn't matter.

    Audio ends abruptly.

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