Rodrigo graduated from the University of Maryland in 2015.In 2017,to take advantage of lower interest rates,he refinanced his qualified education loans with another qualified student loan.He is not a dependent on another person's tax return.Before AGI limits,what is the maximum deduction available to him for the $3,200 he paid for educational student loan interest in 2017?

Question

Quizplus · Accepted Answer

The maximum deduction for paid student loan interest is $2,500 before AGI limits. As Rodrigo paid $3,200 for his student loan interest, he can only deduct up to $2,500. Therefore, the best choice is D, which is $2,500.

Rodrigo Graduated from the University of Maryland in 2015