<prompt> Human: Hi PF. I am staring down the last 14k currently 2.75 APY of my student loans and I can contribute about 1k a month to pay them off. I know that the interest counts directly against my income to determine my AGI. Once I have finished paying this off, which could be within the year due to about 5k I will be given from my mom sometime this year, I wont have any remaining deductions to my income. Ill be in the 50k tax bracket this year 25 marginal rate right?. I know really Ill only be paying like 400 in interest depending on how fast I pay it off. Im accruing like 32mo in interest on the current principal. Does it make sense to slow down and deduct the interest for tax purposes?Thanks for looking  <response>: Does it make sense to slow down and deduct the interest for tax purposes?Not unless youre going to do something more productive with the money.The benefit is a tax deduction, not a tax credit. This means whatever you save in taxes is always less than what you pay in interest. In simple terms, it never makes sense to send the bank 1.00 so you dont have to send the IRS a 0.25. Each dollar of interest you pay is still a net 0.75 loss. 