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Which of the following statements is incorrect regarding the deduction for student loan interest? The student loan interest deduction is a deduction for AGI. The

Which of the following statements is incorrect regarding the deduction for student loan interest? The student loan interest deduction is a deduction for AGI. The deduction is available only for the first 60 months of interest payments. Acceptable educational expenses include tuition, books, supplies, and room and board. An interest deduction phase-out may apply. None of the above.

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