KILLER IRS The Interest On Qualified Education Loan May Be Tax Deductible

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 12, 2010 -- The interest paid on qualified education loans may be deductible as an itemized deduction.

Qualification For Student Loan Interest Deduction

A qualified education loan serves to pay only qualified education expenses for you, your spouse or your dependent you claim for that taxable year.

In order to get this tax deduction, a student must be enrolled at least half the time, in a degree program during the loan plan.

If you qualify, you may be eligible to receive a maximum amount of $2,500 of the interest you pay.

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KILLER IRS The Interest On Qualified Education Loan May Be Tax Deductible

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http://www.taxproblem.org/income-tax-breaks-blog/interest-on-qualified-education-loan/

Student Loan Interest Deduction Income Limit

The Student Loan Interest Deduction is phased out for taxpayers with modified adjusted gross income between $60,000 and $75,000 if they file separately, and between $120,000 and $150,000 for taxpayers who file a joint return.

More information can be found online at http://www.taxproblem.org/income-tax-breaks-blog/interest-on-qualified-education-loan/

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