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publication 17 2017 your federal in e tax however the information given does not cover every situation and is not intended to replace the law or change its meaning this publication covers some subjects on which a court may have made a decision more favorable to taxpayers than the interpretation by the irs nelnet student loan faqs options repayment and more generally loans made under both programs have the same terms and conditions some differences include repayment plans borrower benefits for example an interest rate reduction for making on time payments loan forgiveness programs and interest rates
 

student loan interest deduction worksheet form 1040 line student loan interest deduction worksheet form 1040 line 33 or form 1040a line 18 2016 1 1 2 2 3 3 4 4 5 5 6 no yes 6 7 7 8 8 9 9 keep for publication 970 2017 tax benefits for education student loan interest deduction for 2017 the amount of your student loan interest deduction is gradually reduced phased out if your magi is between $65 000 and $80 000 $135 000 and $165 000 if you file a joint return rules and limits for the student loan interest tax deduction the student loan interest tax deduction is one of those advantageous "above the line" deductions that you can claim without itemizing it s tucked into the adjusted gross in e agi section of form 1040


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