This is student loan payments. Not sure how that works or if it’s deductible
Taylor • Multi professional
Dixon Garcia
CPA, FlyFin
Generally, only the interest portion for certain types of loans is tax-deductible. This includes the interest on student loans, business vehicle loans, Home mortgage interest, and the interest on some business loans.
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Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.