US Tax Credit for UK Student Loan Payments
#1
US Tax Credit for UK Student Loan Payments
Hey Guys,
Just doing my 2010 tax return and have to put the amount of interest paid by my wife for her UK student loan. Before I ask her to call the SLC tomorrow to get this figure, just wanted to ask if we would be elligalbe for this deduction as it is interest on a non-us loan. If not, no point in calling...
Thanks guys!
Just doing my 2010 tax return and have to put the amount of interest paid by my wife for her UK student loan. Before I ask her to call the SLC tomorrow to get this figure, just wanted to ask if we would be elligalbe for this deduction as it is interest on a non-us loan. If not, no point in calling...
Thanks guys!
#2
Re: US Tax Credit for UK Student Loan Payments
Hey Guys,
Just doing my 2010 tax return and have to put the amount of interest paid by my wife for her UK student loan. Before I ask her to call the SLC tomorrow to get this figure, just wanted to ask if we would be elligalbe for this deduction as it is interest on a non-us loan. If not, no point in calling...
Thanks guys!
Just doing my 2010 tax return and have to put the amount of interest paid by my wife for her UK student loan. Before I ask her to call the SLC tomorrow to get this figure, just wanted to ask if we would be elligalbe for this deduction as it is interest on a non-us loan. If not, no point in calling...
Thanks guys!
Certain educational institutions located outside the United States also participate in the U.S. Department of Education's Federal Student Aid (FSA) programs.
http://www.irs.gov/publications/p970/ch04.html
You'll need to check if the college she attended participated in that program.
#3
Re: US Tax Credit for UK Student Loan Payments
An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education. It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions.
Certain educational institutions located outside the United States also participate in the U.S. Department of Education's Federal Student Aid (FSA) programs.
http://www.irs.gov/publications/p970/ch04.html
You'll need to check if the college she attended participated in that program.
Certain educational institutions located outside the United States also participate in the U.S. Department of Education's Federal Student Aid (FSA) programs.
http://www.irs.gov/publications/p970/ch04.html
You'll need to check if the college she attended participated in that program.
Thanks again!
#4
Re: US Tax Credit for UK Student Loan Payments
From my understanding it is sort of like most US colleges (including community colleges) participate in required programs that allow F1 students to attend.