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2. Tax Credits or Tax Deductions: Which Will Save You More? - AOL

   www.aol.com/tax-credits-tax-deductions-save...

   For 2024, the tax brackets are: ... Student loan interest. Traditional IRA contributions. Educator expenses. ... Schedule potentially deductible end-of-the-year spending such as mortgage payments ...

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

   www.aol.com/finance/student-loans-might-qualify...

   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...

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

   www.aol.com/college-tuition-education-expenses...

   If you take out student loans to pay for college, you might qualify for the student loan interest deduction. This deduction allows you to reduce your taxable income by up to $2,500 per year ...

5. How Restarting Student Loan Payments Will Benefit Your Taxes

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   As interest on existing student loans began accruing again in September 2023, borrowers could have up to four months of interest payments to deduct by the end of 2023. This, in turn, will reduce ...

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

   www.aol.com/reduce-taxes-tax-questions-answered...

   You betcha: If you paid on student loans in the prior tax year, you might qualify for the student loan tax deduction, which allows borrowers to deduct up to $2,500 in interest they paid from their ...

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

   www.aol.com/news/know-student-loan-interest-tax...

   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 ...

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

   www.aol.com/paid-student-loans-2023-could...

   February 1, 2024 at 8:30 AM. ... You can take the student loan interest deduction even if you don’t itemize deductions. That’s because it’s claimed as an adjustment to income.

9. Adjusted Gross Income: What It Is and How To Calculate ... - AOL

   www.aol.com/adjusted-gross-income-calculate...

   You made a $2,000 deductible contribution to your IRA, paid $3,000 in student loan interest and had $5,000 in HSA contributions. In this case, your AGI would be $60,000 less $10,000 ($2,000 ...