Free 2026 Student Loan Interest Deduction Calculator

1. Enter student loan interest paid during the year.
2. Choose filing status and enter MAGI.
3. Review the allowed deduction after phaseout.

Start with the lesser of interest paid or the annual maximum deduction, then reduce the amount ratably through the MAGI phaseout range for eligible filing statuses.

A single filer with $1,200 of interest and MAGI below the phaseout range can generally estimate a $1,200 deduction before other eligibility checks.

Year scope: Use the year selector or year note on the calculator itself when comparing thresholds, rates, deductions, or credit limits.

This calculator is maintained against official IRS, SSA, and other primary-source guidance where applicable. Review the sources page and editorial methodology page to verify update practices.

Estimate the student loan interest deduction using the annual maximum and MAGI phaseout rules from IRS education guidance.

Estimate only. Student loan eligibility, dependency status, and qualified-loan rules can change the final deduction.