Tax information center : Filing : Adjustments and deductions
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

 

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Personal tax planning Dependents Credits Adjustments and deductions

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