You may be paying interest on student loans you took out to cover the costs of attending a college, university, or vocational school after high school. If so, you can generally deduct that interest on your return.
You should typically receive Form 1098-E that reports any student loan interest you paid. The amount you are eligible to deduct is usually the amount in box 1. To report this, please follow the guided pathway below.
- Deductions>>Select my forms
- Adjustments to Income
- Student Loan Interest Deduction