You can claim the deduction if all of the following apply: ; You paid interest on a qualified student loan in tax year 2023; ; You're legally obligated to pay interest on a qualified student loan; ; Your filing status isn't married filing separately;
Here's how to figure out if you can deduct your student loan interest payments from your taxes in 2022 and 2023.
Find out if you can deduct interest you paid on a student or educational loan.
The student loan interest deduction allows you to deduct up to $2,500 from your taxes. Here’s how to claim.
Learn more about deducting student loan interest with H&R Block. Get info about qualified education expenses & see if the student loan tax deduction applies to you.
Is student loan interest tax-deductible? Yes, but within limits. Learn more about how the student loan interest tax deduction works.
If you made federal student loan payments in 2023, you may be eligible to deduct a portion of the interest paid on your 2023 federal tax return. This is known as a student loan interest...
Can you claim the student loan interest deduction this year?
You can deduct from your federal income taxes up to $2,500 of the student loan interest you paid during a calendar year, but you'll have to meet income requirements to qualify.
One of the most common misconceptions about the Student Loan Interest Deduction is that a parent can claim it for helping to pay their child’s loan.