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Student Loan Interest Tax Deduction is Ridiculous!

1 reply [Last post]
Offline
Joined: 06/11/2009
Points: 0

We (spouse and I combined) paid over $8,500 in SLI in 2011 and we can only get a $2500 credit. Does anyone else see anything really really wrong with this picture?

Offline
Joined: 10/15/2011
Points: 440
Yes, it's wrong. I was not

Yes, it's wrong. I was not married when I took out my student loans. I have to file as married-filing separately because I do not want my husband's income to reflect/increase the amount I have to pay each month. Because we file separately, I do not even qualify for that credit. It's not fair.

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