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Education
That's it. Are you making student loan payments (e.g., to a financial institute... not your "Uncle jake").
You can take a tax deduction for the interest paid on student loans that you took out for yourself, your spouse, or your dependent. This benefit applies to all loans (not just federal student loans) used to pay for higher education expenses. The maximum deduction is $2,500 a year.
[Edited 3[/05/24 | 12:08pm PST]
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March 5, 2024
12:01 PM