Federal Income Tax Student Loan Interest Deduction

As a follow up for my last post that shows I should be maxing out my tax deferred retirement right I do have some money left over to pay back a little of the student loan. It turns out you can deduct up to $2500 in student loan interest payments from your taxes if your income is below $65,000. As it happens my income will be below that for the next 3 years so I'll be saving a little bit more on my taxes.