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How can I claim Student Loan Interest Deduction?

 
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Category : > Income Tax Filing Across The USA
Posted On : Tue Oct 06th,2009

 
How can I claim Student Loan Interest Deduction?
 

Student Loan Interest Deduction

 You can take this deduction only if all of the following apply.

 You paid interest in 2008 on a qualified student loan (see below).

  • Your filing status is any status except married filing separately.
  • Your modified adjusted gross income (AGI) is within the limits as set by the law, depending on your filing status
  • You, or your spouse if filing jointly, are not claimed as a dependent on someone’s (such as your parent’s) 2008 tax return.

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