te is a 29-year-old single taxpayer with a modified adjusted gross income (MAGI) of $80,000. In January 2021 she started repayment on a qualified student loan. What is the maximum amount of student loan interest she could potentially deduct for 2021? $0 $833 $1,667 $2,500

te is a 29-year-old single taxpayer with a modified adjusted gross income (MAGI) of $80,000. In January 2021 she started repayment on a qualified student loan. What is the maximum amount of student loan interest she could potentially deduct for 2021? $0 $833 $1,667 $2,500

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter5: Deductions For And From Agi

Section: Chapter Questions

Problem 25MCQ

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Question

Bernadette is a 29-year-old single taxpayer with a modified adjusted gross income (MAGI) of $80,000. In January 2021 she started repayment on a qualified student loan. What is the maximum amount of student loan interest she could potentially deduct for 2021?

$833

$1,667

$2,500

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