Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 3:04:42 PM

I am expecting a tax refund, however when I include my student loan interest payments, my refund increased. But I though these interest payments only offset taxes owed?

0 1 658
1 Replies
New Member
Oct 30, 2019 3:04:44 PM

Student Loan Interest is a non-refundable tax credit. Claimable at line 319 on the tax return. Review the detailed tax summary for this calculation.

DETAILED SUMMARY

You can find a detailed summary of your tax return under the "Review" tab > "Bottom Line (tax summaries)"> then look for the paper and magnifying glass icon in the lower left hand corner, select "Detailed Tax Summary". You will have a line by line sample of the Federal Tax.