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The basic premise behind strategy implementation is that
Student Loan Interest
The interest paid on a loan taken out to fund educational expenses, potentially deductible under certain conditions from your taxable income.
Modified AGI
An adjusted gross income figure used for specific tax calculations, modified by adding back certain deductions and exclusions.
Self-employment Tax
The tax self-employed individuals must pay to cover their Social Security and Medicare obligations.
Gross Earnings
The total amount of money an individual earns before any deductions or taxes are applied.
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