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If you qualify for the full deduction, you deduct student loan interest up to $2,500 as long as you actually paid that much in interest. ... To be eligible to deduct student loan interest ...
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Medical expenses: You can claim a deduction for medical and dental expenses greater than 7.5% of your adjusted gross income if you itemize your deductions. Student loan interest: If you made ...
For 2022 taxes, the full deduction is available to a single or head-of-household filer with a MAGI less than $70,000 or less than $145,000 for a joint filer. The deduction is reduced for single or ...
In addition, Form 1098-E, which is the student loan interest statement, is due at the same time to anyone who paid $600 or more in student loan interest in the previous year. Despite discussions ...
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Millions of federal student loan borrowers just made payments for the first time in years — or ever. What does that mean for 2023 taxes? Student loans eligible for tax deductions
Higher education can often mean higher student loan payments. These payments seem to compound after graduation when you are officially staring down the amount of interest you owe on top of your...
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