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A
andygrose
March 30, 2020
Question

Why does the amount of student loan interest deducted in the Federal section not match the amount in the State section?

  • March 30, 2020
  • 1 reply
  • 0 views
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1 reply

M
MAK70
March 30, 2020

The states may have different deductible amounts than the federal or other restrictions or calculations.  Which state tax return is it?

A
andygroseAuthor
March 30, 2020

We are in Virginia. The amount is will not make a big difference, but I'm just wondering why there is a difference between Federal and State. For reference, the actual amount of student loan paid is about $260, and when we are doing state it says something like "In your Federal return, you claimed $208."

M
MAK70
March 31, 2020

If your income was in the "phase out" it would have been reduced.  See  Effect of the Amount of Your Income on the Amount of Your Deduction

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