Student Loans &
Education Credits.

Find out which education tax benefit saves you the most — student loan interest deduction, American Opportunity Credit, or Lifetime Learning Credit.

Step 1 of 3

Step 1: Filing Information

Enter your filing status and income. Education benefits have income phaseouts that differ by credit type.

Filing Status

Note: MFS filers cannot claim education credits or the student loan interest deduction.

Modified Adjusted Gross Income (MAGI)

Who is the student?

Myself

My Dependent

Step 2: Education Expenses

Tuition, fees, and student loan interest

Enter qualified education expenses paid in 2025. Scholarships and grants reduce qualified expenses.

Qualified tuition & fees paid ?Tuition and required enrollment fees at an eligible institution. Does NOT include room, board, insurance, or transportation.

Course materials (books, supplies, equipment) ?Required course materials qualify for AOTC only. LLC does not include course materials.

Scholarships & grants received (tax-free portion)

Student loan interest paid in 2025 ?From Form 1098-E. Max deduction is $2,500. This is an above-the-line deduction (reduces AGI).

Step 3: Credit Eligibility

Determines AOTC vs LLC

The American Opportunity Credit (AOTC) is more valuable but has stricter rules. Answer these to see if you qualify.

Student is in first 4 years of postsecondary education

Student is enrolled at least half-time for at least one academic period

Student has NOT been convicted of a federal or state felony drug offense

AOTC has NOT been claimed for this student for 4 prior tax years

How many years has AOTC been claimed for this student?

TaxDecoded

This analysis is for educational and informational purposes only.
It does not constitute tax advice. Consult a qualified tax professional for guidance specific to your situation.

Built by TaxDecoded

This tool is for educational and informational purposes only and does not constitute tax advice. Tax laws are complex and individual circumstances vary. Consult a qualified tax professional for advice specific to your situation.

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Student Loans &Education Credits.

Student Loans &
Education Credits.