This year Riley files single and reports modified AGI of $81,000. Riley paid $1,200 of interest on a qualified education loan. What amounts can Riley deduct for qualifying education interest? Multiple Choice The deduction for qualifying education interest is $1,200. The deduction for qualifying education interest is $1,000. The deduction for qualifying education interest is $720.

This year Riley files single and reports modifled AGl of $81,000. Riley paid $1,200 of interest on a qualified education loan. What amounts can Riley deduct for qualifying education interest? Multiple Choice The deduction for qualifying education interest is $1,200. The deduction for qualifying education interest is $1,000 The deduction for qualifying educotion interest is $720