Student loan interest. You can deduct up to $2,500 in interest payments, depending on your modified adjusted gross income.However, these numbers are subject to change in future tax years. If you are married and are filing jointly, you may be eligible if your adjusted gross income is $73,000 or less. For the 2023 tax year, if your filing status is single, you may be eligible if your adjusted gross income is $36,500 or less. The amount of the credit depends on your filing status and adjusted gross income. Saver’s credit. If you are not a full-time student and are not being claimed as a dependent, you may be eligible for a tax credit if you contribute to a retirement plan.Getting a sense of which credits and deductions you may be eligible for can help you pull together the proper documentation.
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