Does student loan interest tax limit increase if married?

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Calista Kreiger asked a question: Does student loan interest tax limit increase if married?
Asked By: Calista Kreiger
Date created: Fri, Feb 19, 2021 9:01 PM
Date updated: Fri, Jun 24, 2022 1:52 AM

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With the student loan interest deduction, you can deduct the lesser of the interest you paid on your student loans for the year or $2,500… The deduction is gradually phased out if your modified adjusted gross income (MAGI) is between $70,000 and $85,000 ($140,000 and $170,000 if you're married and file a joint return).

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