Tax Treatment of Interest on Student Loans

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Student loans are a burden on many Americans, but thankfully there is a way to retrieve a portion of the money spent on the interest payments. For the interest on qualified education loans, the maximum deduction allowed for the taxable year is $2,500.  Single Filers Full Deduction < $70,000 No Deduction > $85,000 Joint Filers […]

Changes to 2023 Tax Deductions

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The following annual adjustments are applicable to the 2023 tax year. You can read more on