Navigating the complexities of student loan repayment can be daunting, especially when considering potential tax benefits. Understanding the student loan interest deduction and its associated income limits is crucial for maximizing your tax savings. This deduction offers a valuable opportunity to reduce your tax burden, but eligibility hinges on factors such as your modified adjusted gross income (MAGI) and filing status. This guide will clarify these complexities, empowering you to confidently navigate the process and potentially claim this beneficial deduction. We’ll explore the current income limitations for various filing statuses, delve into the calculation of MAGI, and examine how changes Read More …