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Is The Student Loan Tax Deduction Worth Not Paying Off The Loan? |
I have $23,000 benefit of Student Loan Debt left. It's been a tax deduction for me while paying it off but I have so many years left on it and now the rate is worse than if I went and got a loan elsewhere. I'm wondering, would it reckon sense tax wise to pay off the student loan with other money or
| Answer: Where do people get the recommendation that a "tax deduction" is a benefit, if a debt can be paid in full. Does no one have found out that a "tax deduction is not a deduction 'from' taxes"? The "deduction" reduces ones adjusted profits, which is then |
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