Mike paid $4,000 of interest on a qualified education loan that he used to pay for his dependent son’s college education. How much of this payment can Mike deduct as a for AGI deduction if he files married-joint and reports modified AGI of $150,000?

Answer rating: 100% (QA)

Student loan interest is allowed deduction up to 2500 of the interest paid So if the amount paid is ... View the full answer