If you made student loan payments last year, you may be able to deduct the interest. Both were paused for more than three years during the Covid-19 pandemic. But interest started accruing again in ...

The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in ...

With student loan interest payments resuming in late 2023, many borrowers are eligible to claim this deduction for their 2024 tax filings. The benefit, which has existed since 1997, can help ...

First off, the basics: you can deduct the lesser of $2,500 or the actual interest you paid on federal or private student loans used for higher education. The IRS says it's an "above-the-line ...

Thomas is a native of upstate New York and a graduate of the University at Albany. As a member of CNET's How To team, he writes about the intersection of policy, information and technology, and ...

Josh Shapiro has proposed a targeted tax strategy. Starting this year, Pennsylvania taxpayers can deduct up to $2,500 of student loan interest on state taxes. That model provides an incentive for ...

However, the good news for millions of borrowers is that the IRS provides a student loan interest deduction that lets them subtract some or all of the finance charges they agreed to pay to secure ...