Topic Overview

This topic will help you identify taxpayers who may qualify to take advantage of the deduction for student loan interest and how to report the deduction on Forms 1040A and 1040.

Upon completing this topic, you will be able to:

• Determine whether certain taxpayers are eligible to deduct student loan interest from their reported income
  
  
• Report the deduction on the tax return

	The deduction for student loan interest may be reported on either Form 1040 or Form 1040A. Most other adjustments to income must be reported only on Form 1040.