Student Loan Interest Deduction
How much student loan interest you can deduct in 2026, the new income phase-out ranges, who qualifies, and a calculator for your deduction and tax saved.
Student loan interest deduction calculator (2026)
Student loan interest deduction 2026
You can deduct up to $2,500 of interest paid on qualified student loans as an adjustment to income, so you don't need to itemize. For 2026 the deduction phases out between $85,000 and $100,000 of modified AGI, or $175,000 and $205,000 for joint filers (IRS Rev. Proc. 2025-32). Married filing separately can't claim it, and neither can someone claimed as a dependent.
Example: $3,000 of interest with $90,000 of MAGI (single): the deduction is cut to $1,667. Lenders send Form 1098-E if you paid $600 or more of interest; you can deduct smaller amounts too.
Related: student loan payback calculator and married filing separately.
Common questions
How much student loan interest can I deduct in 2026?
Up to $2,500.
What are the 2026 income limits?
The deduction phases out between $85,000 and $100,000 of MAGI ($175,000 to $205,000 joint).
Can married filing separately claim it?
No.
Sources
More loan and car calculators: Parent PLUS Loan · SBA 7a Loan
Related
General information, not financial, tax or legal advice. Check important numbers with the official source before acting on them.