Can I claim the Student Loan Interest Deduction if I take the Standard Deduction?

Yes, you are eligible to claim your student loan interest even if you claimed the Standard Deduction on your tax return.

How do I report my student loan interest?

To report your student loan interest within the program, please go to:

  • Federal Section
  • Deductions
  • Select My Forms
  • Adjustments to Income
  • Student Loan Interest Deduction

Please refer to IRS Topic No. 456 for additional information regarding the Student Loan Interest Deduction 

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