• Denise Hue

Student Loan Interest Deduction - 2019 Update

The maximum student loan interest deduction for 2019 is $2,500. The credit phases out for higher income taxpayers when modified adjusted gross income exceeds the following limits:

Married filing jointly $140,000–$ 170,000

Single, head of household, or qualifying widow/widower $70,000-$85,000

0 views0 comments

Recent Posts

See All

New Employer Credit for Paid Family and Medical Leave

This general business credit is a percentage of the amount of wages paid to a qualifying employee while on family and medical leave for up to 12 weeks per taxable year. The credit is generally effecti

Club Dues and Membership Fees Still Nondeductible

The Tax Cuts and Jobs Act does not change the prior law rule disallowing a deduction for dues or membership fees for country clubs, golf and athletic clubs, airline clubs, hotel clubs, business lunche