student loan

Tax Tip: Student Loan Interest can be a deduction.

Student loan interest payments are generally deductible. You can generally use the interest payments as a deduction if you use any filing status other than Married Filing Separately and  your Modified Adjusted Gross Income is less than $75,000 ($150,000 if Married Filing Jointly) and the loan was taken out for you, your spouse, or someone who qualified as a dependent when the loan was taken out.

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Posted in: Deductions