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korrmjk
New Member

How much of 3200 in student loan interest will I get back?.

 
2 Replies
SweetieJean
Level 15

How much of 3200 in student loan interest will I get back?.

The maximum student loan interest deduction is $2500. It is a subtraction from income, before the tax rate is applied.

So, if you are in the 25% tax bracket, it saves you $2500 x .25  =$625 in taxes.

.https://www.irs.gov/taxtopics/tc456.html

korrmjk
New Member

How much of 3200 in student loan interest will I get back?.

Where would I find my tax bracket %?
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