Tom, Whose MAGI Is $40,000, Paid $3,500 of Interest on a Qualified

question 41

True/False

Tom, whose MAGI is $40,000, paid $3,500 of interest on a qualified student loan in 2019.He is single and may deduct the $3,500 interest as an itemized deduction.

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Definitions:

Medication Infusion

A process where drugs are administered into a patient's bloodstream via a needle or catheter.

Preventing Infection

Measures or actions taken to stop the spread of infections or illnesses by breaking the chain of infection.

Gang Prevention

Programs and strategies aimed at reducing gang involvement and violence among youth and communities.

Graffiti

Markings, drawings, or writings scribbled, scratched, or sprayed illicitly on a wall or other surface in a public place.