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Deductions & credits
What about the case where the student files her own 1040? Is insurance deductible against earned income? (Well, I suppose it's included in the $12K standard deduction) But is the premium deductible against unearned income?
While the govt encourages students to go into debt, it simultaneously penalizes those who actually saved money to pay their college expenses.
Thanks!
‎June 19, 2019
8:02 AM