If you paid interest on student loans in 2024, you can deduct up to $2,500 in interest you paid to service those loans during ...

You’re only eligible for the tax deduction if you paid student loan interest during the tax year. Because federal student loan repayments resumed in October 2023, after a three-and-a-half-year ...

First off, the basics: you can deduct the lesser of $2,500 or the actual interest you paid on federal or private student loans used for ... and if your boss chipped in tax-free payments (thanks ...

When filing your annual tax return, the student loan interest deduction allows you to claim a deduction on your tax bill based on the total interest you paid during the tax year. This deduction ...

In fact, federal student loan borrowers could qualify to deduct up to $2,500 of student loan interest per tax return per tax year. You can claim the student loan interest tax deduction as an ...

like student or mortgage loan interest, there are plenty of lesser-known deductions that can help you keep more of your hard-earned money. The Internal Revenue Service (IRS) tax code is full of ...

child tax credit and student loan interest). Tax deductions for homeowners Mortgage interest Discount points Property taxes Interest on home equity loan or HELOC Home improvements Home office ...

you might not know that most taxpayers can deduct up to $2,500 of student loan interest payments each year. Here are some more of the strangest tax deductions people have claimed and actually ...