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Deductions & credits
I would go through it anyway. Any student loan interest you are qualified to deduct is an 'above the line' deduction. This means that it is taken directly off your income and not included in your itemized deductions. Depending on the state you are in those deductions may exceed the state standard deduction and help you there. There are also a number of states that allow employee business expenses even though they are not deductible on the Federal return.
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‎February 10, 2020
8:12 AM
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