Interest (LO 5.8) Carrie, a single taxpayer, finished her undergraduate degree using money from a student loan. She earned $56,000 her first year and paid $2,600 in interest in 2020. She can take a deduction for student loan interest in the amount of: O a. $2,600 Ob. $1,500 x Oc. $0 O d. $2,500 Oe. None of these choices are correct. Feedback Check My Work Taxpayers are allowed a limited deduction for adjusted gross income for certain interest paid on qualified education loans. However, t amount is subject to a phase out at certain levels of AGI