Can I claim my Canadian student loan interest on my US taxes?
Oct 23, 2008 in
United States
galaxyy
I have Canadian (government) student loans (in Canadian dollars) which I am still paying back from my Canadian bank account whilst I live and work in the US. Can I claim my student loan interest on my US taxes?
Also do I claim the amount in Canadian dollars?
I have Canadian (government) student loans (in Canadian dollars) which I am still paying back from my Canadian bank account whilst I live and work in the US. Can I claim my student loan interest on my US taxes?
Also do I claim the amount in Canadian dollars?
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3 comments
viajero_intergalactico on October 27, 2008 at 3:17 am
yes, and also you must report any income you earn in canada too.
doubleg2006 on October 27, 2008 at 7:35 pm
It’s hard to say with the American dollar shrinking and the Canadian dollar gaing strength my advice is to go HR block and talk to one of their representative to see if you can claim your Canadian student loan interest on your US taxes
EJ on October 29, 2008 at 4:52 am
Since you’re already living & working in the US, you can claim Canadian loan interest subject to certain conditions. It’s better to contact the tax department in your organization or an independent tax consultant in your state of employment.