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Joseph and his wife Matilda earn $182,000 per year between the two of them and file joint income taxes. Will they be allowed to deduct

Joseph and his wife Matilda earn $182,000 per year between the two of them and file joint income taxes. Will they be allowed to deduct their student loan interest they paid in the past year?

Yes

Yes, but only for one spouse

Yes, but only a partial amount

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