Student Loan Interest Deduction \u2014 2026

Estimate the deduction and ordinary-income tax savings for an eligible single or joint filer.

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Your Assumptions

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Results

Estimated Eligible Deduction$1,500
Estimated Tax Savings$180
Phaseout Starts$85,000
Phaseout Ends$100,000
How it works›

Model assumptions. 2026 only. The borrower must be legally obligated to pay qualified interest and cannot be claimed as someone else’s dependent; married filing separately is ineligible. Confirm qualified education, student and loan requirements in IRS Publication 970. This tool supports single and joint filers only. The tax-saving estimate treats the entered modified AGI as ordinary AGI before this deduction and assumes the standard deduction; other MAGI adjustments and credits may change it.