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2. How To Get the Student Loan Interest Deduction - AOL

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   What is the income limit for the student loan interest deduction in 2024? Single filers can claim the full $2,500 with MAGI up to $80,000. Those who made between $80,000 and $95,000 can claim a ...

3. Are College Tuition and Education Expenses Tax-Deductible?

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   But this deduction was phased out in 2020, and instead there are several college credits that have expanded. ... then 25% of the next $2,000 spent. So if you have $4,000 or more in qualified ...

4. Tax Form 1098-E: How to Write Off Your Student Loan Interest

   www.aol.com/tax-form-1098-e-write-111529544.html

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5. Student Loans: You Might Qualify for an Interest Deduction ...

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   Normally, student loan borrowers can deduct the interest they paid on their loans from their income tax returns, but things haven't been normal for a few years. Federal student loan payment pauses...

6. Child tax credit (United States) - Wikipedia

   en.wikipedia.org/wiki/Child_tax_credit_(United...

   A tax credit enables taxpayers to subtract the amount of the credit from their tax liability. [d] In the United States, to calculate taxes owed, a taxpayer first subtracts certain "adjustments" (a particular set of deductions like contributions to certain retirement accounts and student loan interest payments) from their gross income (the sum of all their wages, interest, capital gains or loss ...

7. Paid your student loans in 2023? You could qualify for this ...

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   February 1, 2024 at 5:30 AM. Bigstock. ... or MAGI, is defined as the adjusted gross income on your federal income tax return before taking the student loan interest deduction.

8. How Can I Reduce My Taxes? Your Tax Questions, Answered - AOL

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   For tax year 2020 (filing in 2021), the student loan interest deduction was worth as much as $2,500 for a single filer, head of household or qualifying widow/widower with a MAGI of under $70,000.

9. What to Know About the Student Loan Interest Tax Deduction - AOL

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   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 ...