Will this increase my tax return? Help!?

  • Thread starter Thread starter PsychicLady*
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PsychicLady*

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If I am eligible to deduct student loan interest on my income tax but I'm not paying anything back (I'm getting a refund) can this still benefit me ?

Since I didn't make too much and have to pay back but the paper states that I can deduct this loan interest (basically paying me back) wouldn't this increase my return? I mean how can this still benefit me?

extra notes: I had no choice but to file late as I was on a payment plan with my school loans and now they finally gave me permission to file without interference.
 
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