The Maximum Amount of the Deduction for Student Loan Interest

question 78

Multiple Choice

The maximum amount of the deduction for student loan interest for an eligible taxpayer is limited in the 2016 tax year to:

• A)$2,500.
• B)$2,350.
• C)$2,000.
• D)$1,500.

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Definitions:

Stigma

A mark of disgrace associated with a particular circumstance, quality, or person, often leading to discrimination or prejudice.

Vocational Rehabilitation

A process aimed at enabling individuals with disabilities, injuries, or illnesses to overcome barriers to accessing, maintaining, or returning to employment or other useful occupation.

Discriminatory Actions

Behaviors or practices that unfairly differentiate individuals or groups based on characteristics such as race, age, gender, or disability.

Mental Illness

A broad category of conditions affecting mood, thinking, and behavior, covering disorders such as depression, anxiety disorders, schizophrenia, and bipolar disorder.