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-   -   Interest from student loans (https://www.askmehelpdesk.com/showthread.php?t=36920)

  • Oct 13, 2006, 10:07 AM
    carl171966
    Interest from student loans
    Can a qualified student loan interest paid be deducted even if taxpayer does not itemize deductions?:)
  • Oct 13, 2006, 10:52 AM
    AtlantaTaxExpert
    Yes. The student loan interest deduction is an adjustment to income that can be claimed on Page 1 of Form 1040 or 1040A.
  • Oct 13, 2006, 11:34 AM
    cbmb
    Student Loan Interest Deduction is an adjustment to income, contributing to your final AGI. It does not have to do with itemizing. However, if your income exceeds 65k forget it - you won't get anything for it. :o
  • Oct 13, 2006, 11:50 AM
    AtlantaTaxExpert
    Yes, it is my turn for mea culpa!

    I forgot the income limits as noted above. It's $130K if you are married and filing jointly!
  • Jun 5, 2007, 03:43 AM
    Tricky1549
    Is that adjusted gross income?
  • Jun 5, 2007, 04:16 PM
    AtlantaTaxExpert
    Yes

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