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Student loan interest deduction is limited to a maximum of 2,500 dollars. The deduction is also subject to a phaseout limitation. If your income was over 65,000 dollars (or 130,000 for married joint returns) the deduction starts being phased out. If your income is over 80,000 dollars (or 160,000 for married joint returns) the deduction is completely eliminated.
Student loan interest deduction is limited to a maximum of 2,500 dollars. The deduction is also subject to a phaseout limitation. If your income was over 65,000 dollars (or 130,000 for married joint returns) the deduction starts being phased out. If your income is over 80,000 dollars (or 160,000 for married joint returns) the deduction is completely eliminated.
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