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2. How To Get the Student Loan Interest Deduction - AOL

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   What is the income limit for the student loan interest deduction in 2024? Single filers can claim the full $2,500 with MAGI up to $80,000. Those who made between $80,000 and $95,000 can claim a ...

3. 6 Best Tax Savings Tips for College Students

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   Deduct Your Student Loan Interest. If you made student loan payments in 2024, the IRS allows deducting up to $2,500 in interest paid as long as you took that loan out for legitimate educational ...

4. Are College Tuition and Education Expenses Tax-Deductible?

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   December 9, 2024 at 7:53 PM. ... Student Loan Interest. If you take out student loans to pay for college, you might qualify for the student loan interest deduction. This deduction allows you to ...

5. Paid your student loans in 2023? You could qualify for this ...

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   February 1, 2024 at 8:30 AM. Bigstock. ... or MAGI, is defined as the adjusted gross income on your federal income tax return before taking the student loan interest deduction.

6. Tax Credits or Tax Deductions: Which Will Save You More? - AOL

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   Here’s what to know about the differences between tax deductions and tax credits ... Student loan interest. ... The nonrefundable child tax credit is worth $2,000 per eligible child in 2024.

7. Free tax filing with IRS Direct File: What you need to know - AOL

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   But you can claim certain above-the-line deductions: student loan interest, ... In 2024, the IRS kicked off the program with only 12 states; that number has expanded to 25 states for the 2025 tax ...

8. Tax season 2025: Everything to know before you file, and how ...

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   2024 standard deduction amount. Single. $14,600 (up $750 from 2023) Head of household. ... Form 1098, which shows how much you paid in interest on a mortgage or student loan.

9. How Can I Reduce My Taxes? Your Tax Questions, Answered - AOL

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   Qualified filers can take a student loan interest deduction of up to $2,500 atop the standard deduction. Most private and federal student loans are fair game. Learn More: