by Answerbag Staff on October 28th, 2009

Answerbag Staff

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Can I deduct student loan interest on my taxes?

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  • by T.M. Samuels on October 28th, 2009

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    Great Answer

    Professionally Researched. (What's this?)

    Interest on student loans can be deducted if all the following apply: you paid interest the previous year, you aren't married filing separately, your modified gross income is under $70k or $145k if jointly filing, and you (and spouse) can't be claimed as dependents on other taxpayers' returns.

    Source:

    IRS

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