Lucas Turner is single and has never been married. Lucas earned wages of $25,000 during the first half of the year. Lucas lost his job in July and received a total of $11,000 in unemployment compensation. Lucas is a welder and took a class at a local vocational school to improve his welding skills. He paid the cost of tuition and a course-related book. His qualified education expenses were $3,500. Lucas also paid student loan interest for the courses he previously took to earn his Bachelors degree. For 2023, he paid student loan interest of $750. Lucas does not have any dependents. Lucas is a U.S. citizen with a valid Social Security number.

13. Lucas can deduct $2,500 of student loan interest as an adjustment to his income.

a. True b. False