There’s a deduction for student loan interest … but do you qualify for it?

529 Saving Plan, AGI (Adjustable Gross Income), Coverdell Education Savings Account (ESA), Deductions, Student Loans /

If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest you pay on the loans. The answer is yes, subject to certain limits. The maximum amount of student loan interest you can deduct each year is $2,500. Unfortunately, the deduction is phased out if your […]

There’s a deduction for student loan interest … but do you qualify for it? Read More »