What a deal—you increase your education and you tax liability may decrease.
You have a student loan for furthering your education which is a valuable commodity. The education can pay off later with a good job at a higher income for your knowledge.
With tax time approaching the student loan may make you eligible to deduct up to $2,500 of the interest you paid on the loan last year. This deduction will help reduce your taxable income, possibly giving you a smaller tax bill.
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What a deal—you increase your education and you tax liability may decrease.<\/p>\n\n\t
<\/p>
You have a student loan for furthering your education which is a valuable commodity. The education can pay off later with a good job at a higher income for your knowledge. <\/p>\n\n\t
<\/p>
With tax time approaching the student loan may make you eligible to deduct up to $2,500 of the interest you paid on the loan last year. This deduction will help reduce your taxable income, possibly giving you a smaller tax bill.<\/p>\n\n