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Personal Finance and Investing

Hugh_Lebowski

(33,643 posts)

1. The only thing different about this year is some people may've paid less tax-deductible interest

Reply to question everything (Original post)

Sun Mar 7, 2021, 04:01 PM

Mar 2021

Due to some student loan and mortgage forbearance programs created during the COVID crisis.

And honestly, if you don't already know you can't deduct interest on loan payments on your taxes that you never actually made ... you are one dumb taxpayer.

The other things in the list are the same as they ever were.

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Unwelcome tax surprises may await those with debt [View all] question everything Mar 2021 OP

The only thing different about this year is some people may've paid less tax-deductible interest Hugh_Lebowski Mar 2021 #1

Taxes on Cancelled Debt or Unemployment Benefits are Not New Rules n/t Indykatie Mar 2021 #2

I didn't know about the forgiven debt as taxable income underpants Mar 2021 #3

Just be aware of it. forgotmylogin Mar 2021 #4