I started to pay off my study loan and would like to know if that is Tax deductable?



What code do your fill in on the tax form when filing my tax online.

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
3 April 2013 at 18:55

Unfortunately you cannot deduct payments on a student loan as they were not made in the production of income in the course of business and so are not deductible for tax purposes.



TaxTim is FREE for all Momentum & Multiply members.



Use your ID number at the payment step to claim your free TaxTim voucher

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started FREE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.