Tag: Deduction

What is the Student Loan Tax Deduction?

student tax credits

The student loan tax deduction is your chance to get $2,500 off your interest payments. This is the maximum tax-deductible amount. There are strict limits involved with whether you can claim this credit, though, so you need to be aware of that.

For example, if you earn more than $135,000 as a single taxpayer, you’re … Read the rest