Find Out If You Qualify to Take the Student Loan Interest Deduction Worth Up to $2,500

One demoralizing aspect of paying student loans is the interest. Each month, only some of the money you send off is actually going toward the principal - and your education is costing far more than the sticker price.

Fortunately, Uncle Sam offers a student loan tax deduction that can reduce your taxable income by up to $2,500.

Check out the flowchart below to find out if you qualify to take the deduction and potentially save money on this year's taxes.

student-loan-interest-deduction

This infographic originally appeared on StudentLoanHero.com: [Infographic] Find Out if You Qualify to Take the Student Loan Interest Tax Deduction