To claim a student loan interest deduction, you have to meet a few qualifications:
Your filing status is any filing status except married filing separately.
No one else is claiming an exemption for you on his or her tax return.
You are legally obligated to pay interest on a qualified student loan.
You paid interest on a qualified student loan.
If your income is $65,000 or less, you can claim the maximum deduction of $2,500. If your income exceeds that threshold, the deduction limit will phase out.
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