7 Tax Loopholes That Could Save You Big

Educational Costs

Up to $2,500 in student-loan interest (for you, your spouse or a dependent) can be tax-deductible on 2018 returns if your modified adjusted gross income is less than $65,000 if you’re single or $135,000 if you are married and file a joint return. The deduction is phased out above those levels, disappearing completely if you earn more than $80,000 if single or $165,000 if filing a joint return.

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