Student loan payments
Varies
Can You Write Off Student Loan Payments?
Short answer: Only the interest portion (up to $2,500) is deductible; principal payments are not.
Check Form 1098-E from your servicer for the interest paid.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B22-00085
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Student loan payments
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Only the interest portion (up to $2,500) is deductible; principal payments are not.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Only the interest portion (up to $2,500) is deductible; principal payments are not. Check Form 1098-E from your servicer for the interest paid.
Category
- Personal Tax Deductions
personal deduction
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student loans