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Perry Mayson, a Single Taxpayer, Graduated Law School Last Year

Question 106

True/False

Perry Mayson, a single taxpayer, graduated law school last year with quite a bit of qualified student loan debt and ends up paying $4,300 in interest on the loan in the current tax year.Fortunately, Perry is well compensated and earns adjusted gross income of $85,000 during the current year.Perry may deduct his student loan interest in the current year.

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