galaxyy asked:
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?
yes, and also you must report any income you earn in canada too.
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
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.