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Can I take the student loan interest deduction for a loan I ve had longer than five years?

April 26, 2017deduction loan longer student loan ve

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Can I take the student loan interest deduction for a loan I ve had longer than five years?

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For tax years before 2002, you can only deduct student loan interest for the first 60 months of the loan repayment. However, for 2002 and later this rule is eliminated and you can deduct student loan interest as long as you have the loan.