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?
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
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