Interfaces vs Abstract Classes - Java 8.0

Interface body can contain default methods, static methods and abstract methods.
All methods are implicitly public.
Class can implement more than one interface.

Difference between Interfaces and Abstract classes - Java 8.0:


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Abstract class	Interface
with abstract classes, you can declare fields that are not static and final, and define public, protected, and private concrete methods.	With interfaces, all fields are automatically public, static, and final, and all methods that you declare or define (as default methods) are public.
You can extend only one class, whether or not it is abstract	You can implement any number of interfaces
Consider using abstract classes if any of these statements apply to your situation: You want to share code among several closely related classes. You expect that classes that extend your abstract class have many common methods or fields, or require access modifiers other than public (such as protected and private). You want to declare non-static or non-final fields. This enables you to define methods that can access and modify the state of the object to which they belong.	Consider using interfaces if any of these statements apply to your situation: You expect that unrelated classes would implement your interface. For example, the interfaces Comparable and Cloneable are implemented by many unrelated classes. You want to specify the behavior of a particular data type, but not concerned about who implements its behavior. You want to take advantage of multiple inheritance of type.

References:

http://docs.oracle.com/javase/tutorial/java/IandI/abstract.html