The phaseout range with regard to student loan interest deductibility is $70,000 - $85,000 for...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The phaseout range with regard to student loan interest deductibility is $70,000 - $85,000 for single taxpayers. Assume John is single, has AGI of $93,000 and paid $1,000 of interest on his student loans. How much student loan interest can John deduct for AGI?
Group of answer choices
$1,000
$800
$200
$0
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
