Tom,whose MAGI is $40,000,paid $3,500 of interest on a qualified student loan in 2015.Tom is single.He may deduct the $3,500 interest as an itemized deduction.

Name: Tom,whose MAGI is $40,000,paid $3,500 of interest on a qualified student loan in 2015.Tom is single.He may deduct the $3,500 interest as an itemized deduction.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

The student loan interest deduction is an adjustment to income, not an itemized deduction, and is subject to income limits.

Tom,whose MAGI Is $40,000,paid $3,500 of Interest on a Qualified