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Student loan Interest paid when loans were refinanced – Is this deductible?

Home Tax Reduction Student loan Interest paid when loans were refinanced – Is this deductible?

  •  drspikemd 
    Participant
    Status: Physician
    Posts: 4
    Joined: 06/20/2018

    I refinanced part of my student loans this year and as a result I got the 1098-E form today from Navient saying $15k was paid off of interest. I understand I can only deduct a small set portion of this but is it still deductible even if I paid the interest technically with a new loan? Thanks in advance, my tax adviser currently is TurboTax and they don’t answer questions on the that quickly.

    #180031 Reply
     Peds 
    Participant
    Status: Physician
    Posts: 2661
    Joined: 01/08/2016

    Do you fall under the income restriction?

    #180035 Reply
    Liked by jfoxcpacfp
     drspikemd 
    Participant
    Status: Physician
    Posts: 4
    Joined: 06/20/2018

    Thank you, I forgot about the income limit. First time doing taxes at an attending salary in a few years due to a fellowship. Guess it’ll be the standard deduction for me this year.

    #180106 Reply
    Liked by Peds

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