Yes, you can deduct the student loan interest if you meet all qualifications below:
- You paid interest
on a qualified student loan
- You are legally
obligated to pay interest on a qualified student loan
- Your filing status
is not married filing separately
- Your modified
adjusted gross income is less than a specified amount which is set
annually, and
- You and your
spouse, if filing jointly, cannot be claimed as dependents on someone
else’s return.
