I am currently a sophomore in college. I returned to school at 29 and so had to take out loans to make it work. I also had 2 part time jobs for most of 2019. So, my taxes are going to be based on income from 2 part time jobs and student loans. Those are the forms I am dealing with when I do my taxes this season - 2 W2s and 1 student loan form, forget its title.
Question is how will this affect what I owe/don't owe? Will I owe more because of the money I had to borrow in the form of federal loans? Never had to deal with that before so curious.
(Also, no lectures on student loans and interest rates and regretting my entire existence one day etc etc. I just really need to know how this affects my taxes and basically if I am going to be owing a huge sum to the government. As a student, would suck. So I imagine the government wouldn't add insult to injury to someone already having to pay their way through college on their own)
Submitted February 02, 2020 at 08:18PM by holygrandmasauce https://ift.tt/2uTBiuv
