# Tax Season 2007

**URL:** https://forums.speedlife.net/t/tax-season-2007/23600
**Category:** NYSpeed Off Topic
**Created:** [January 25, 2007, 2:38pm UTC](https://forums.speedlife.net/t/tax-season-2007/23600 "2007-01-25T14:38:27Z")
**Posts on this page:** 1
**Showing post:** 40

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### Author: ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [January 26, 2007, 10:26am UTC](https://forums.speedlife.net/t/tax-season-2007/23600/40 "2007-01-26T10:26:51Z")

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> [@j\_espo1](#):
>
> how much of a difference does paying back school loans make?

You can claim all the interest paid as a deduction. If you just started paying off the loan you’re paying basically all interest and very little principle for the first few years, so you get a bigger deduction.

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