answersLogoWhite

0

The maximum amount of student loan interest that can be deducted on taxes for the year 2018 is 2,500.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

What is the maximum amount of student loan interest that can be deducted for the 2018 tax year?

For the 2018 tax year, the maximum amount of student loan interest that can be deducted is 2,500.


What is the maximum amount of the 2018 student loan interest deduction that can be claimed on my taxes?

The maximum amount of student loan interest deduction you can claim on your taxes for the year 2018 is 2,500.


What is the maximum amount of property tax that can be deducted in California?

The maximum amount of property tax that can be deducted in California is 10,000 per year.


What is the maximum amount that can be deducted for a business gift expense on taxes?

The maximum amount that can be deducted for a business gift expense on taxes is 25 per recipient per year.


What is the maximum amount that can be deducted for California property taxes on federal income tax returns?

The maximum amount that can be deducted for California property taxes on federal income tax returns is 10,000.


What is the difference of simple interest and simple discount?

Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.


What is the maximum amount of pay for which social security taxes must be deducted in 2009?

about 674 us dollars


Do you have to pay back FAFSA money if not used for school?

If a student accepts what's called a stipend check (the amount of excess Stafford Loan money sent to the student once college expenses have been deducted) then it does count as part of the student loan. Students are responsible for paying back the entire student loan plus interest whether it was spent on educational expenses or not. It is wise to return stipend checks and decrease the amount of student loans you take out.


What is the maximum amount of direct Stafford money a student can obtain?

31000


What is the maximum amount one can use as a charital deduction?

The maximum amount that you may deduct for charitable contributions is 50% of your yearly income. If you've given more than 50% of your income the excess can be deducted on the following years taxes.


What is the amount the Albrights can take as a student loan interest deduction?

2500


What does a student loan consolidation interest rate determine?

A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.