Greg just received his student loan statement that indicates he paid $3,000 of interest on his student

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Greg just received his student loan statement that indicates he paid $3,000 of interest on his student loan during the tax year. How much of the loan may he deduct?

a. None of the interest is deductible since it is consumer debt.

b. $3,000 as an itemized deduction.

c. $2,500 as an itemized deduction.

d. $2,500 as an adjustment to income.

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Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

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Question Posted: Sep 19, 2024 02:19 PM

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Greg just received his student loan statement that indicates he paid $3,000 of interest on his student

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Fundamentals Of Financial Planning

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