During 2011,Mary,a single taxpayer,had $3,750 of interest expense from a qualified education loan.Mary's modified adjusted gross income was $52,000.How much of the $3,750 is deducted for adjusted gross income?

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The maximum amount of the deduction for interest paid on a qualified education loan for a single taxpayer with a modified adjusted gross income of $52,000 is $2,500. Therefore, Mary can deduct $2,500 of the $3,750 interest expense for adjusted gross income.

During 2011,Mary,a Single Taxpayer,had $3,750 of Interest Expense from a Qualified