With tax season upon us, you may be eligible for certain deductions, such as your student loan interest, reports the Kansas City Star:

• You can deduct the interest you’ve paid on eligible student loans if your modified gross income is less than $55,000 and you are filing singly (less than $110,000 if you are filing jointly).

• Eligible loans include your, your spouse’s or a dependent’s student loans if interest payments have been made during that tax year.

• To claim this deduction, you must be enrolled in a degree program at least part-time during the time of the loan.

• Loans made by a relative or under an employer plan are not eligible for this deduction.

• The maximum deduction is $2,500.

For more student tax information, check out the IRS student tax section.