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In 2012 Through 2015,Samantha Borrowed a Total of $30,000 for Higher

Question 51

Multiple Choice

In 2012 through 2015,Samantha borrowed a total of $30,000 for higher education expenses on qualified education loans.In 2016,while still living at home and being claimed by her parents as a dependent,she began making payments on the loan.The first year interest on the loan was reported as $1,750.The amount that Samantha can claim on her tax return is:


A) $0.
B) $2,500.
C) $1,750.
D) $1,500.

Correct Answer:

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