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dcl08
<3
Member since 4/07 3915 total posts
Name:
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tax question...
my DH claims me since i am currently not working but im curious is our ING account a tax write-off? I got an email about them sending me tax forms also are my student loans a tax write off?? im clueless when it comes to this stuff 
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Posted 2/11/08 6:48 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
RM23
LIF Adult
Member since 5/06 997 total posts
Name:
Rachel
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Re: tax question...
I belive the interest from both accounts is the write off. Definately show to your accountant.
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| Posted 2/11/08 7:46 PM |
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aliwnec10
mom of 3 boys
Member since 4/06 11426 total posts
Name:
Ali
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Re: tax question...
Your student loan interest is a write off, but your interest on your savings accounts is not. That's part of your income. 
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| Posted 2/11/08 7:49 PM |
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mrspetunia77
Back on Board.
Member since 10/06 1838 total posts
Name:
Ally
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Re: tax question...
i don't know about ING, but the interest you paid on your student loans this year is deductible.
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| Posted 2/11/08 7:57 PM |
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BRod-Cheng
I'm going to be a big brother!
Member since 6/07 1860 total posts
Name:
Betty
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Re: tax question...
Your student loans are not always deductiible. Your salary has to be below a certain amount (60K I think), and you have to be out of school less than 6 years.
Double check me, but that was the rule a few years ago.
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| Posted 2/11/08 8:13 PM |
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