Here are a few reason why it may be saying you are not eligible to claim the student loan interest:
In order to qualify for the student loan interest deduction the following must apply:
- You cannot be married filing separately
- Neither you nor your spouse can be claimed as dependents on someone else's return
- Your Modified Adjusted Income must be less than $95,000 if not married and less than $195,000 if you are married
Also, keep in mind the student loan deduction is a deduction not a credit. This means if your taxable income has been reduce to 0, it will not add to your refund. The deduction can only be used to the point to reduce taxable income to $0.
@Mkvech
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