Selected videos for topic: student interest loan deduction phase out
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Question of the Week: Student Loan Interest
The hosts of "Money Talks" discuss a listener's question on deducting student loan interest. The hosts explain which student loans offer deductible interest, how much you can deduct and the phase-out limitations associated with the student loan interest tax deduction.
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eTax.com How Much Is Student Loan Tax Deduction?
Paying for college is rough, especially if you’ve resorted to student loans to cover the cost of your education. It’s not all bad though, as you can deduct up to $2,500 in student loan interest at tax time. The deduction is phased out once you gross a specific annual income, though it may not matter as much if you have just graduated.
If you file your taxes using the single status, the deduction for student loan interest begins to phase out for taxpayer who make...