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How much of 3200 in student loan interest will I get back?.
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June 3, 2019
6:27 PM
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Education
The maximum student loan interest deduction is $2500. It is a subtraction from income, before the tax rate is applied.
So, if you are in the 25% tax bracket, it saves you $2500 x .25 =$625 in taxes.
June 3, 2019
6:27 PM