Student Loan Interest Deduction Amounts

Student Loan Interest Deduction
   2007 2008
Maximum Expenses Eligible $2,500 $2,500
Phaseout range (modified AGI)* $55,000 - $70,000
($110,000 - $140,000 MFJ)
$55,000 - $70,000
($115,000 - $145,000 MFJ)
* MFS filers not eligible.