Student loan debt is a significant financial burden for many, and understanding its tax implications is crucial for responsible financial management. This guide delves into the complexities of IRS regulations surrounding student loans, exploring tax deductions, audits, relevant forms, repayment plan impacts, and available IRS resources. We’ll unravel the intricacies of claiming the student loan interest deduction, navigating potential IRS scrutiny, and making informed decisions about repayment plans to minimize your tax liability. From understanding Form 1098-E to effectively communicating with the IRS, we aim to equip you with the knowledge and tools to confidently manage your student loan debt Read More …