QUESTION $9$

In $2024,$ Taylor Swift paid $$2,900$ of interest on a qualified education loan. Taylor files a joint return with her spouse, Travis Kelce. For the year, the couple reported an AGI of $$174,000$ before factoring in any educational loan interest deduction. What is Taylor and Travis' deduction for interest expense on Taylor's educational loan?

Multiple Choice

$$2,500$

$$2,900$

$$2,030$

$$1,750$

$$750$

None of the above