With a fixed rate of 3.86%, you have the luxury of not making any payments towards your student loans and not worrying that they will grow too rapidly.

However, you might save some taxes this year by paying some of the interest. This year, you can deduct up to $2,500 of student loan interest. This same limit applies to single individuals as well as to married couples.

You can only deduct student loan interest in a year that your income doesn't exceed $65k if you're single or $130k if you're married.

So the cruel irony is that you probably not paying your student loans in years that you could deduct your interest. Once you're able to pay your student loans, your income is too high for you to be able to claim the student loan interest deduction. Who comes up with these things?

Zip Code: 01801

Thanks so much for the advice!
didn't know about the income limitations!

Zip Code: 02446