Navigating the complexities of student loan repayment is a significant challenge for many graduates. Understanding the available tax benefits, such as the student loan interest tax deduction, can significantly alleviate this financial burden. This guide provides a clear and concise explanation of the deduction, coupled with a practical approach to utilizing a student loan interest tax deduction calculator to maximize your savings. We’ll explore the eligibility criteria, calculation methods, and potential pitfalls to ensure you accurately claim this valuable deduction. Furthermore, we will compare this deduction to other student tax benefits, helping you make informed decisions about your financial planning. Read More …