Student Loan Interest Deduction Calculator
Calculate your student loan interest deduction and estimated tax savings.
Your Information
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Deduction Analysis
Eligible Deduction$1,500.00
Estimated Tax Savings$330.00
Income Phase-Out Range
Full deduction: Under $80,000
Partial deduction: $80,000 - $95,000
No deduction: Over $95,000
You qualify for the full deduction of up to $2,500. Your deduction of $1,500 could save you approximately $330 in taxes.