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Is student loan interest deductible? - FAQ - Tax Form Processing LLC
Content: Qualified Educational Loan Defined - It is a loan you borrow solely to pay "qualified higher education expenses" for yourself, your spouse or your dependent. The student must be enrolled at least half-time in a program that will...
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Student Loan Interest
Content: Student loan interest became deductible beginning with tax year 1998. The interest you pay is an "above the line" adjustment, which means that it is subtracted from your income before the deductions (standard or itemized) or exemptions, so it lowers your...
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