Posted by Lee Wilson | Posted in Uncategorized | Posted on 20-12-2010
Tags: education, finance, money, social, student loan service, student loan service center, student loan service center albany ny, student loan service center north dakota, student loan servicer, student loan services, web2.0
Why does the student loan interest that I paid, reduce my federal tax refund?
I am using www.taxslayer.com online service. My refund comes to about $1240, but when I enter the total student loan interests that I paid, my federal refund reduces to $740. Why does the interest I paid have a negative effect on my federal tax refund?
The student loan interest does reduce the refund that you should receive. If the software says it does, then something is wrong with the software.
Student Loan Repayment FAIL