Tax Relief Glossary Definition (English)
Student Loan Interest Deduction Defined
The following is in context to Tax Relief, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"This is an above-the-line deduction (the taxpayer does not need to itemize in order to claim this deduction) for interest paid in the first 60 months of repayment on private or government backed loans. The amount eligible for the deduction is limited to post-secondary expenses for tuition, fees, books, equipment, room, and board. The amount of the deduction is phased out at certain income levels. See income phase-out for more information."
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Additional Student Loan Interest Deduction Definition Starting Points
The following links are listed in alphabetical order. Please note we cannot guarantee Student Loan Interest Deduction definitions are contextually accurate to Tax Relief at third party websites.
Expert Dictionary: Student Loan Interest Deduction
Dictionary: Student Loan Interest Deduction
