Tax Relief Glossary Definition (English)
Income Phase-Out - Student Loan Interest 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.
"To claim the maximum deduction, a taxpayer must have modified adjusted gross income of $40,000 or less ($60,000 for married taxpayers filing jointly). The amount of the taxpayer's deduction is gradually reduced for taxpayers with modified adjusted gross income between $40,000 and $55,000 (between $60,000 and $75,000 for married taxpayers filing jointly). For example, for 1998, the maximum deduction a single taxpayer with modified adjusted gross income of $47,500 could take would be $500. Taxpayers with modified adjusted gross income above $55,000 ($75,000 for married taxpayers filing jointly) may not claim the student loan interest deduction. The modified adjusted gross income limitations are indexed for inflation after 2002."
Additional Languages
Additional Income Phase-Out - Student Loan Interest Definition Starting Points
The following links are listed in alphabetical order. Please note we cannot guarantee Income Phase-Out - Student Loan Interest definitions are contextually accurate to Tax Relief at third party websites.
Expert Dictionary: Income Phase-Out - Student Loan Interest
Dictionary: Income Phase-Out - Student Loan Interest
Google 'Define': Income Phase-Out - Student Loan Interest
Topical Terminology:Income Phase-Out - Student Loan Interest
