Loan Interest Deduction Resources and More...
Form 1040 Line 26 Student Loan Interest
You can claim up to $2,500 of student loan interest you paid in 2004 as an above-the-line tax deduction on Form 1040 line 26....(Continue Reading)
Student Loan Interest Rates Drop
Interest rates on federal student loans will drop to the lowest rate in decades - only 4.06 percent - on July 1, announced Secretary of Education Rod Paige....(Continue Reading)
401(K) Loans
Want the lowdown on whether the interest you pay on your retirement plan loan is deductible or not? The Motley Fool has some answers about what the Code says..... Read more......(Continue Reading)
Adjustments to Income - Preparing Your 1040 Step 5
How to calculate and claim various tax deductions known as "above-the-line" deductions or adjustments to income. These deductions directly reduce your income, and you don't need to itemize. Line-by-line instructions for Form 1040 lines 23 to 34....(Continue Reading)
401(K) Loans
401(K) Loans...(Continue Reading)
Adjustments to Income - Tax Glossary
Definition of Adjustments to Income: certain expenses which directly reduce your total income....(Continue Reading)
Tax Law Update for 2004
The tax laws have changed again. Find out what's new for 2004, and what's changing for 2005....(Continue Reading)
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Tax Topics - Topic 456 Student Loan Interest Deduction
You cannot take a student loan interest deduction if your modified AGI is $65000 … More information on student loan interest deduction and other education …
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