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June 4, 2019
Question

Can I deduct $2500 for husband and wife ($5000) if they both paid over that amount

  • June 4, 2019
  • 4 replies
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The example in help shows a $2500 max deduction but that is for a single person. If both husband and wife paid more than $2500 each can I claim it for both or $5000 total. 

4 replies

VolvoGirl
Employee
June 4, 2019
Deduction for what?  HSA, IRA, What?
Employee
June 4, 2019
You are asking from TT Business. That is not used for personal tax returns.
Employee
June 4, 2019
Are you a tax preparer?
June 4, 2019

No, the maximum amount of student loan interest that can be deducted is $2,500 per tax return. Please view the IRS link below for more information.

https://www.irs.gov/taxtopics/tc456

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