In 2010,Michelle,single,paid $2,500 interest on a qualified student loan.Her MAGI was $65,000.She may deduct the $2,500 interest as a deduction for AGI.

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In 2010, the student loan interest deduction was phased out for single filers with a MAGI between $60,000 and $75,000. Michelle's MAGI of $65,000 would reduce her deduction below the full $2,500.

In 2010,Michelle,single,paid $2,500 Interest on a Qualified Student Loan