For example, on your federal income tax return, you may be able to deduct student loan interest paid during the year. Also, remember that these federal; student loan forgiveness plans don't apply to private student loans. Those loans are typically issued by financial institutions like banks ...
Borrowers with private student loans should seriously consider refinancing their loans. This could help lower the monthly payment via a lower interest rate. Refinancing, however, is generally only beneficial for private student loan borrowers. Refinancing a federal loan could lead to the loss of certa...
Since you can only deduct medical bills that exceed 7.5% of your AGI, you might be able to deduct a greater amount by filing separately and reducing your AGI. You and your spouse have a specific tax situation. If your spouse has overdue taxes that you don’t want to be held liable ...