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Only $2,500 of student loan interest can be reported on a federal tax
return.
The student loan interest is entered as an Adjustment to
Income, not a tax refund or credit.
An adjustment to income reduces the Adjusted Gross Income thereby reducing the amount of taxable income.
Only $2,500 of student loan interest can be reported on a federal tax
return.
The student loan interest is entered as an Adjustment to
Income, not a tax refund or credit.
An adjustment to income reduces the Adjusted Gross Income thereby reducing the amount of taxable income.
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