2025 Student Loan Interest Deduction. The irs provides a student loan interest deduction that lets borrowers subtract some of the payments from their taxable income. You paid interest on a qualified student loan during the tax.
For 2025, the $2,500 maximum deduction for interest paid on student loans—called qualified education loans—will begin to phase out for taxpayers with modified. Competitive interest rate of 10.15% for loans between ₹7.5 lakh and ₹50 lakh.