you can deduct student loan interest no matter what from what i understand
Yea you can but unless you spent ALOT of money on schooling it really isn't worth it. When I was in college I used everything as a deduction, tuition, parking fee's, books.. everything... I can't recall the amount.. I want to say it was atleast $2000-3000 .. I only saw a difference of $25 on my return
so it really wasn't even worth it.
Right now we're paying around $1000 just in interest on our house since we just purchased it.. hoping that works in my favor.
I have a question for all of you that have someone else do your tax's.
We typically do our own because we don't do a long form or anything so it's super easy to just save the cash and do it yourself.. but last year we decided to have someone do it because my wife goofed up on her W4's and was claiming 1 which almost caused us to pay...
Anyways...
For those who have someone do it, do they take the time to go through everything to ensure your getting the most back possible? Do they ask you specific questions to ensure your getting as many deductions as you can?
Because when we did ours last year.. we were in and out in like 5 minutes.. it was almost like she didn't really care and just wanted to get it done quick. I'm wondering if someone would have taken the time to work on it a bit we could have actually gotten a decent return back.
I dunno how it all works.. besides doing the basic's.
