How to Calculate Student Loan Interest Deduction. If you’re repaying student loans, you may well be able to deduct to $2,500 in interest money out of your taxable earnings on the 2020 taxation return.

How to Calculate Student Loan Interest Deduction. If you’re repaying student loans, you may well be able to deduct to $2,500 in interest money out of your taxable earnings on the 2020 taxation return. The student loan interest deduction was created to make university less expensive for students in addition...