How to claim the interest on your college loan as a tax deduction.

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  1. Skiffer says:

    Unless your AGI is too high, then the deduction is phased out…

    “Oh, you mean your degree was actually a good investment, and you make good money now? No deduction for you!”

  2. tcp100 says:

    Yep. That happens at ~65k if i remember correctly. Dumb. I got to deduct for one year. Maybe I should have gotten a crappier job!

  3. clarient says:

    Shweet.

  4. synergy says:

    I’ve been claiming this one for the last 4 tax filings. It’s not much, but something’s something.