Danielle graduated from State University in 2012.She paid $2,100 of interest during 2013 on her qualified educational loan.The full amount is deductible.

Question

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The interest paid on qualified educational loans is deductible up to a maximum of $2,500 per year, provided the individual meets certain income requirements. Since Danielle paid $2,100 in interest, which falls under the maximum limit, the full amount is deductible.

Danielle Graduated from State University in 2012