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tax professionals
Are You Eligible for a Tax Deduction on Student Loan Interest?
Student loan interest is the interest charged on loans taken out to pay for educational expenses. This interest is usually paid over a long period of time and can result in a significant amount of money being paid back in addition to the original lo…
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tax liability
Understanding the Student Loan Interest Deduction Phaseout
As a student loan borrower, you might be eligible for a tax deduction for the interest you pay on your loans. However, if your income exceeds certain limits, you might not be able to claim the full deduction or any deduction at all. In this article,…
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