The Wall Street Journal
College-Related Tax Deductions or Credits: Are You Eligible?
Families with college students might be eligible for certain tax deductions or credits on their 2021 taxes. One requirement is that the filer’s modified adjusted gross income be less than $85,000, or $170,000 if filing jointly. This deduction can be used for both federal and private loans, says chief executive officer and co-founder of College Ave Student Loans, a private student-loan provider.