If an individual does not file taxes, what is the consequence regarding student loan interest?

When an individual does not file taxes, they cannot claim any deductions, including the student loan interest deduction. This deduction is typically available to taxpayers who meet certain income thresholds and file a federal income tax return. If a person does not file a return, they forfeit the opportunity to deduct interest paid on student loans, which can reduce their taxable income.

Moreover, while missing the filing deadline can have other impacts such as facing penalties or losing eligibility for certain benefits, the specific consequence for not filing relating to student loan interest is the inability to claim the deduction itself. Understanding this relationship between filing taxes and accessing available deductions is crucial for taxpayers managing their student loan interests.