For instance, if i pay $5,000 vs $10,000 in student loan interest, do I get a bigger tax break or more money back if I pay $10,000 vs $5,000? Or is it capped at a certain amount once you pay a certain amount of money?
What Is The Maximum Student Loan Interest You Can Reclaim On Taxes Per Year?
August 31st, 2009 by Home Loans Leave a reply »
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The student loan interest deduction is capped at $2500.