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Sandy is a single taxpayer. She has a $29,000 student loan. She pays $308 each month with $121 of that payment goin toward student loan
Sandy is a single taxpayer. She has a $29,000 student loan. She pays $308 each month with $121 of that payment goin toward student loan interest. Over the first year in repayment, she repays $3,696 overall: $2,244 in principal and $1,4 interest. Her modified adjusted gross income in 2023 was $45,000. Assuming she meets all other criteria, Sandy's stud loan interest deduction is what amount? A. $0 B. $1,452 C. $2,500 D. $3,696
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