I had to take IRA funds to pay down high interest credit cards. It says my income is too high to take student loan interest ded. Is there a way to get this deduction?
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I had to take IRA funds to pay down high interest credit cards. It says my income is too high to take student loan interest ded. Is there a way to get this deduction?
posted
June 3, 201912:57 PM
last updated
June 03, 201912:57 PM
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I had to take IRA funds to pay down high interest credit cards. It says my income is too high to take student loan interest ded. Is there a way to get this deduction?
Unfortunately, no.
Your IRA is taxable income that considered in the income calculation for the student loan deduction.
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