Student Loan Interest Deduction Worksheet

Use the worksheet in irs pub.

Student loan interest deduction worksheet. The student loan interest deduction allows eligible student loan borrowers to deduct some or all the amount they paid in interest on their student debt as an adjustment to their income. It s tucked into the adjustments to income section of schedule 1 of the 2019 form 1040. Student loan interest deduction worksheet 2012 form 1040 instructions page 36 forms and instructions. If you file a form 2555 foreign earned income pdf form 4563 exclusion of income for bona fide residents of american samoa pdf or if you exclude income from sources inside puerto rico refer to worksheet 4 1 student loan interest deduction worksheet in publication 970 instead of the worksheet in the instructions for form 1040 and 1040 sr.

Student loan interest deduction. For 2019 the amount of your student loan interest deduction is gradually reduced phased out if your magi is between 70 000 and 85 000 140 000 and 170 000 if you file a joint return. Figure any write in adjustments to be entered on the dotted line next to line 36 schedule 1 form 1040. In 2017 there was a proposal to repeal the student loan interest deduction as part of the tax cuts and jobs act.

Exception in the instructions for this line to see if you can use this worksheet instead of pub. 970 tax benefits for education instead of this worksheet if the taxpayer filed form 2555 foreign. Figure any write in adjustments to be entered on the dotted line next to schedule 1 line 36 see the instructions for schedule 1 line 36. 2012 student loan interest deduction worksheet.

For starters you have to know that not all financial loans are made equal. Student loan interest deduction worksheet 2019 before using this worksheet. The student loan interest deduction is an advantageous above the line deduction that you can claim without itemizing. Be sure you have read the.

Compute any write in adjustments to be entered on the dotted line next to line 22 schedule 1 form 1040. Student loan interest deduction worksheet schedule 1 line 33. Student loan interest deduction worksheet 2018 before using this worksheet. 970 tax benefits for education instead of this worksheet if the taxpayer filed form 2555 foreign.

Student loan interest deduction line 33 2012 1040 instructions html. Use the worksheet in irs pub. Student loan interest deduction worksheet 2016 with 43 great ira deduction worksheet line 32 free worksheets.