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pol98xc6
New Member

Keep getting Reject Code S1-F1040-396. Something about married filling jointly with agi above 170k cant deduct student loan interest. Do I delete or wait interest?

 
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DaveF1006
Expert Alumni

Keep getting Reject Code S1-F1040-396. Something about married filling jointly with agi above 170k cant deduct student loan interest. Do I delete or wait interest?

Student loan interest is deductible if your modified adjusted gross income, or MAGI, is less than $70,000 ($145,000 if filing jointly). If your MAGI was between $70,000 and $85,000 ($175,000 if filing jointly), you can deduct less than than the maximum $2,500. 

 

 

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