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Student Loan Interest Deduction Limit - rollover to next year?

  
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Subject Author Date
Student Loan Interest Deduction Limit - rollover to next year? Mcahi Goughs 03-25-2008
Posted by Mcahi Goughs on March 25, 2008, 6:55 pm
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 My student loan interest deduction is limited this year. Can I rollover
the nondeductible amount to next year?

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Posted by Paul Thomas on March 25, 2008, 10:12 pm
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> My student loan interest deduction is limited this year. Can I rollover
> the nondeductible amount to next year?




No.





--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by D. Stussy on March 25, 2008, 10:19 pm
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> My student loan interest deduction is limited this year. Can I rollover
> the nondeductible amount to next year?

No. No rollover provision. Capped at $2,500.00/yr.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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