Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bernice is filing a joint return and qualifies for deducting the student loan interest on her 2020 tax return. The modified adjusted gross income is
Bernice is filing a joint return and qualifies for deducting the student loan interest on her 2020 tax return. The modified adjusted gross income is $141,000 and her Form 1098-E shows $3,900 in box 1. For 2020, the maximum student loan interest deduction she can deduct is _____.
$2,500
$2,417
$3,900
$83
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started