Tax deductions for Recent graduates
Varies
Can You Write Off Tax deductions for Recent graduates?
Short answer: Deduct up to $2,500 of student loan interest above the line, and claim the American Opportunity credit if you paid tuition in your final year.
Employers can pay up to $5,250 of your student loans tax-free.
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.
Tax deductions for Recent graduates
Varies
Individuals / Personal Taxes
Deduct up to $2,500 of student loan interest above the line, and claim the American Opportunity credit if you paid tuition in your final year.
Business justification
Deduct up to $2,500 of student loan interest above the line, and claim the American Opportunity credit if you paid tuition in your final year. Employers can pay up to $5,250 of your student loans tax-free.
Category
- Personal Tax Deductions