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Student Loan Interest The tax laws were recently changed to allow a larger deduction for student loan interest paid. Read about the changes and the restrictions. IRS Learn about the qualifications for the deduction. Turbo Tax Read the eligibility requirements. Bankrate.com Learn how to deduct up to $2,500 in interest paid. CollegeBoard.com Find out how student loan interest can be deductible. Visit GovSpot.com's Tax Center or general tax sites.

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