Navigating the complexities of student loan repayment is a significant challenge for many. A crucial aspect of this process is understanding the student loan interest deduction, a federal tax benefit designed to alleviate some of the financial burden. This guide delves into the current student loan interest deduction limit, exploring its history, impact on borrowers, international comparisons, and potential future changes. We’ll examine the eligibility requirements, the maximum deductible amount, and how this deduction can affect your tax liability. From analyzing historical trends and comparing the US system to international models, we aim to provide a clear and comprehensive understanding Read More …