Carrie, a single taxpayer, finished h3er undergraduate degree using money from a student loan. She earned $126,000

Question:

Carrie, a single taxpayer, finished h3er undergraduate degree using money from a student loan. She earned $126,000 her first year and paid $2,600 in interest in 2019. She can take a deduction for student loan interest in the amount of: 

a. $2,600 

b. $2,500 

c. $1,500 

d. $0 

e. None of the above

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

Question Posted: