Question
Is there a cap on how much money I can make and still claim student loan interest? Can I claim my student loan if I exceed the maximum income?
Answer
You can claim student loan interest on your taxes, however the student loan interest deduction begins to phase out if your adjusted gross income (AGI) is:
- $80,000 if filing single, head of household, or qualifying widow(er)
- $165,000 if married filing jointly
The deduction is completed phased out if your AGI is:
- $80,000 if filing single, head of household, or qualifying widow(er)
- $160,000 if married filing jointly
Related Resources
Tax Help for US Citizen Married to Non-resident Alien
Learn how being a US citizen married to a non-resident alien will impact your tax return with help from the tax experts at H&R Block.
Benefits of Filing Paper Tax Returns
Learn more about the benefits of paper taxes and get tax answers at H&R Block.
Florida Tax Forms
Do you need to complete Florida taxes? Find out which Florida tax forms you may need to file your taxes this year, with help from H&R Block.
Did You Know: Wacky Tax Deductions
Learn about some of the weirdest, funniest tax deductions ever allowed by the IRS with H&R Block. You never know what wacky tax deduction could apply to you.
