Student Loan Interest Tax Savings Calculator
Estimate potential tax savings from the student loan interest deduction. Eligibility and phase-outs depend on income and filing status—use this as a simplified estimate.
Configure your scenario
Enter interest paid and your marginal rate to estimate the potential tax savings.
$1,200
$264
$1,200
Detailed estimate
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Student loan interest - quick answers
Is the max deduction always $2,500?+
Often it is, but confirm the current rules and any limitations or phase-outs for your filing status. This calculator lets you adjust the cap.
Does this consider phase-outs?+
No. It estimates savings from a deductible amount using a marginal rate.
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