MFJ and exceded the $130-160k inc. limit by $3xxx to get ded. for any of $76xx in tuition int. Any way to reduce my income enough to take advantage of the int. deduction?

[ebiras]

as of now, we owe about $2000. trying to figure out a way to reduce tax owed. thanks

[RichardG · Accepted solution]

At this point your only possible option is to set up an IRA prior to the April 18 filing deadline and make a 2016 deductible contribution.  There are a variety of restrictions on this deduction.  Please follow this link for more information.  ira deduction limits