While you can't claim the loan itself, you can deduct the interest paid on a qualified student loan. The loan must have been used for tuition, fees, room and board, books, and supplies for you, your spouse, or your dependent. This includes interest that was paid early or on time.

Interest paid on student loans is reported using Form 1098-E. If you paid $600 or more in interest on a qualified student loan during the year, you'll receive this form from your lender.

Here's how to enter your student loan interest in TurboTax. We'll ask you questions to determine if you qualify and how much deduction you'll get.

This deduction is an adjustment to income. That means you can claim it whether you itemize your deductions or take the standard deduction.

You can’t claim interest as student loan interest if the interest is also allowable as any other type of interest deduction.

For general state-specific questions, find your state’s Department of Revenue here.

How much can I deduct?

How do I qualify?

You can claim the deduction in tax year 2025 if all of these apply:

Note: a qualified student loan is a loan you took out solely to pay qualified higher education expenses that were: