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March 13, 2020
Question

Student loan interest deduction

  • March 13, 2020
  • 1 reply
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I paid off one of my wife's delinquent student loans.  How much of the interest that I paid (over $20K) can I deduct?

1 reply

DoninGA
Employee
March 13, 2020

You can only deduct the interest that was paid in 2019 as is shown on the Form 1098-E that was received.  Maximum interest paid per year that can be reported on a tax return is $2,500.