My husband makes $100k and I make $68k. When I entered my student loan interest paid, the deduction did not qualify. Would it be beneficial to file as married file separately?

[MayaD]

If you file as " Married Filing Separately",  you can not deduct the student loan interest.

Here are the consequences of filing your returns separately:

• In 2019, married filing separately taxpayers only receive a standard deduction of $12,200 compared to the $24,400 offered to those who filed jointly.
• If you file a separate return from your spouse, you are automatically disqualified from several of the tax deductions and credits mentioned earlier.
• In addition, separate filers are usually limited to a smaller IRA contribution deduction.
• They also cannot take the deduction for student loan interest.
• The capital loss deduction limit is $1,500 each when filing separately, instead of $3,000 on a joint return.