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Mike7291344
March 26, 2020
Question

Student Loan interest deduction

  • March 26, 2020
  • 1 reply
  • 0 views

Hello,

 

Can a student loan interest deduction be included if the interest was for a second bachelor's degree?  My gross income is $65,0000. and I am single.

    1 reply

    JohnB5677
    JohnB5677
    March 26, 2020

    Yes.  Interest on a student loan is deductible as long as it is for a qualified education expense. The income you can make and still qualify for the student loan interest deduction for the 2019 tax year is: Single: $85,000.

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