Yazmin paid $3,005 in interest on a private loan she took out to pay qualified...

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Accounting

Yazmin paid $3,005 in interest on a private loan she took out to pay qualified education expenses when she was a full-time student. In early 2024, she received a Form 1098-E showing interest she paid during the year. She is filing a joint return with her husband, Yusef, and their modified adjusted gross income (MAGI) is $160,000. What is the maximum amount of student loan interest that Yazmin and Yusuf can deduct on their return?
$0
$2,500
$2,504
$3,000

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