by Tad Borek <borekfm@[EMAIL PROTECTED]
>
Mar 17, 2008 at 07:13 PM
westwood1308-google@[EMAIL PROTECTED]
wrote:
> I thought I read in Pub 970 the interest deduction was limited to
> $4,000 per year. I must have been confused. There appears to be no
> limit other than the MAGI phase out. Thanks for the reply stating the
> obvious.
You might be thinking of the tuition & fees deduction - $4k cap, it's
addressed in Pub 970.
As you've found there's a bunch of possible tax benefits to juggle. It's
important to do some planning to the extent you have control over how
much income you realize in a given year, because a higher AGI can
disqualify you from a tax benefit.
-Tad
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