Did you pay interest on your student loans last year? If so, you might qualify for the student loan interest deduction — a simple way to reduce your tax bill by up to $2,500, even if you don’t itemize ...

・The student loan interest deduction can reduce your taxable income by up to $2,500 per year. ・You do not need to itemize deductions to claim it, but income limits apply. ・Many borrowers save $200 to ...

If you made student loan payments last year, there's a good chance you can get a break on your taxes. Don't forget about the student loan interest deduction, which allows taxpayers to deduct the ...

With student loan interest payments resuming in late 2023, many borrowers are eligible to claim this deduction for their 2024 tax filings. The benefit, which has existed since 1997, can help reduce ...

Federal student loan borrowers in default could soon see their wages garnished or Social Security checks withheld after Jan.