IL shouldn't be charging you, sumi. I just did my taxes last night--I couldn't figure out the federal IRS website, so I just telefiled that one. But the IL website was easy to navigate (of course, I had the EZ forms for both--the only good thing about not actually owning anything!).
That's one spunky little girl you've raised. I'm gonna eat her.
The Mayor ,'End of Days'
Natter 34: Freak With No Name
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Kathy A - Apr 12, 2005 3:58:19 pm PDT #5165 of 10001
We're very stretchy. - Connie Neil
Kathy A - Apr 12, 2005 3:59:08 pm PDT #5166 of 10001
We're very stretchy. - Connie Neil
Cereal to add--oops, I didn't notice that you were doing TurboTax. Forget I said anything!
quester - Apr 12, 2005 4:06:34 pm PDT #5167 of 10001
Danger is my middle name, only I spell it R. u. t. h. - Tina Belcher.
I didn't watch American Idol tonight because the episode of Gilmore Girls was one I missed. Anyway, I switched over just in time to catch the end of show recap. It looks like Constantine sangBohemian Rhapsody!
Did anyone else watch this?
DXMachina - Apr 12, 2005 4:07:31 pm PDT #5168 of 10001
You always do this. We get tipsy, and you take advantage of my love of the scientific method.
Okay, idiotic turbotax question -- if I get started do have TO EFILE my state as well as my federal tax if my state is going to charge me?
Nope, you don't. You can skip the state e-file. I efiled my federal taxes, then skipped the RI e-file. (You can even go through the process, just to get an idea what they would charge, then only file federal.) They will still take you through the check out process, but your bill will be $0.
sumi - Apr 12, 2005 4:34:22 pm PDT #5169 of 10001
Art Crawl!!!
Okay. Now, if you paid any interest at all on a student loan, no matter how long ago you were a student you can deduct that?
Is that right? And I did pay interest but I don't seem to have a 1098 form thingy.
(I may have just ignored it in the mail.)
quester - Apr 12, 2005 4:56:00 pm PDT #5170 of 10001
Danger is my middle name, only I spell it R. u. t. h. - Tina Belcher.
TAR: Whoa! Major twist ending!!
Pix - Apr 12, 2005 5:00:07 pm PDT #5171 of 10001
The status is NOT quo.
Holy crap, Veronica Mars was great tonight...and AH guest-starringnext week! Woot!
Gudanov - Apr 12, 2005 5:04:01 pm PDT #5172 of 10001
Coding and Sleeping
Gud, he spoke at my high school graduation way back when he was still the mayor.
Cool, but now I feel old. I can remember him as mayor when I was out of college.
You might be able to get your 1098 form on-line from whoever handles your student loan.
I did my federal form the traditional way (well mostly traditional, I used the Adobe fill out forms), but I did it all electronic for Kansas since Kansas has a great online filing system.
Sue - Apr 12, 2005 5:04:37 pm PDT #5173 of 10001
hip deep in pie
TAR ending was awesome!
Kathy A - Apr 12, 2005 5:04:49 pm PDT #5174 of 10001
We're very stretchy. - Connie Neil
Since I'm still at work, sumi, I was able to access the info on student loan interest deductions in our Federal Tax Reporter.
Deduction of student loan interest: Individuals can deduct interest paid during the tax year on any qualified education loan. The deduction for interest on qualified education loans is an “above the line” deduction and, therefore, is available whether or not the taxpayer itemizes his or her deductions on Schedule A of Form 1040. However, no deduction is allowed for interest on qualified educational loans if the amount is allowable as a deduction under another section of the Code. The maximum deductible amount of interest is $2,500.
Interest payments on qualified education loans are deductible for the entire life of the loan. For interest payments made on student loans on or before December 31, 2001, interest was only deductible for the first 60 months of payments.
But I have no clue what form you're supposed to use. You should contact the lending bank and find out if they sent you something so you could submit it when you file.