Dwayne just received his student loan statement that indicates that he has paid $$3,500$ of interest on his student loan during this tax year. What is the maximum amount of interest that he may deduct?

Question $3$ options:

$$3,500$ as an itemized deduction.

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

$$2,500$ as an itemized deduction.

$$1,000$ as an adjustment to income.