Hal_Al
Level 15

Education

There is no federal credit for student loan payments.  There is a deduction for the payment of student loan INTEREST.

It shows on line 21 of Schedule 1. Technically, it's an "adjustment" to income. 

 

If you have a 529 Plan, student loan payments are now a qualified expenses (up to $10,000 for each spouse) for a qualified (tax free) withdrawal.