How much cash is brand new student loan attention deduction save?

How much cash is brand new student loan attention deduction save?

  • Their altered adjusted revenues (MAGI) should be underneath the limitation money endurance regarding $85,100 ($170,000 when the partnered processing as one).

If the MAGI are below $70,100000 ($140,100 if hitched submitting as one) you can easily use the complete deduction for your scholar loan attention paid, to $dos,500. In the event your MAGI is actually anywhere between $70,100 and you may $85,100000 (otherwise $140,000 and you may $170,000 whenever processing as one), you could potentially bring less deduction.Seguir leyendo