atx calculation student loan interest -

[WITAXLADY]

so I was curious as to why H/H making $44,000 didn't qualify for student loan interest deduction

when I go to worksheet - it looks like he should -

is worksheet off? line 6,7? ATX

I will look in IRS pub later for real worksheet - but it looks like there should be a factor besides -0-  at that income level

I would expect it to be limited at a higher income but H/H is at $65,000??/

[Terry D EA]

According to the table below from Pub 970, something is wrong as you should be allowed the deduction. Not using ATX anymore so I can't be of help there but I would look for something entered that is not allowing the deduction.

 

Table 4-2.Effect of MAGI on Student Loan Interest Deduction

 

IF your filing status is...	AND your MAGI is...	THEN your student loan interest deduction is...
single,   head of household, or qualifying widow(er)	not more than $65,000	not affected by the phaseout.
	more than $65,000   but less than  $80,000	reduced because of the phaseout.
	$80,000 or more	eliminated by the phaseout.
married filing joint return	not more than $130,000	not affected by the phaseout.
	more than $130,000  but less than $160,000	reduced because of the phaseout.
	$160,000 or more	eliminated by the phaseout.

[Janitor Bob]

make sure you are entering the interest in the correct place for filer or spouse.