23-03-2017 18:07 via denver.cbslocal.com

How Student Loan Debt Can Affect Your Tax Return

By Mario McKellop
According to Forbes, the average college student graduating in 2016 will leave academia with a degree and $37,000 in student loan debt. While finding a way to pay back that debt will be the primary concern for new grads, they should also know how that debt will affect their 2017 tax filings. Here are a few tips on deductions and credits you’ll be entitled to, and what to do if you’re filing as a dependent.
Student Loan Interest Deduction
If you paid interest on stud
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