Max and Wendy have a MAGI of $55,000. They are married and file jointly. Max has a student loan that he paid $3,000 in student loan interest in 2022. Wendy also has a student loan that she paid $1,500 in student loan interest in 2022. How much student loan interest can they deduct on their tax return in 2022?
Max and Wendy have a MAGI of $55,000. They are married and file jointly. Max has a student loan that he paid $3,000 in student loan interest in 2022. Wendy also has a student loan that she paid $1,500 in student loan interest in 2022. How much student loan interest can they deduct on their tax return in 2022?
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 35P
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- Max and Wendy have a MAGI of $55,000. They are married and file jointly. Max has a student loan that he paid $3,000 in student loan interest in 2022. Wendy also has a student loan that she paid $1,500 in student loan interest in 2022. How much student loan interest can they deduct on their tax return in 2022?
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