The interest expense on qualified education loans is deductible if the taxpayer meets the income limitations

The interest expense on qualified education loans is deductible if the taxpayer meets the income limitations Joint return. Yet another dependency test requires that the student not be married filing a joint return with his or her spouse unless solely to claim a refund (Sec. 152(c)(1)(E)). The loans must be used to pay educational expenses… Continue reading The interest expense on qualified education loans is deductible if the taxpayer meets the income limitations