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Sylvia graduated from college last year and started repaying her student loans. She received a statement from the bank showing she paid $2,750 in interest
Sylvia graduated from college last year and started repaying her student loans. She received a statement from the bank showing she paid $2,750 in interest on her student loans for the year. Her total income before adjustments is $38,500, and she meets all requirements to be able to deduct the interest. How much, if any, will Sylvia be allowed to deduct as an adjustment to her income?
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