Comments on: Question About Tax Returns. Can I Use My Student Loans For A Tax Credit. How Does That Work? http://insurance-loans-mortgages.com/1229/question-tax-returns-student-loans-tax-credit-work/ Money questions and answers! Thu, 09 Feb 2012 06:35:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Agent 47 http://insurance-loans-mortgages.com/1229/question-tax-returns-student-loans-tax-credit-work/comment-page-1/#comment-1366 Agent 47 Wed, 06 Jan 2010 10:10:14 +0000 http://insurance-loans-mortgages.com/?p=1229#comment-1366 If you receive a 1098, it will tell you want you can report on your taxes. That amount is technically not a deduction, it is an adjustment to your income. It would be entered on line 33 (of form 1040) or line 18 (of 1040A). It will reduce you overall taxable income in a manner similar to a deduction. See page 30 of the attached pdf link from the IRS. If you receive a 1098, it will tell you want you can report on your taxes. That amount is technically not a deduction, it is an adjustment to your income. It would be entered on line 33 (of form 1040) or line 18 (of 1040A). It will reduce you overall taxable income in a manner similar to a deduction. See page 30 of the attached pdf link from the IRS.

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