Table 1 summarizes the results for taxpayers with no children when each spouse has individual loan amounts of $25,000
Table 1 summarizes the results for taxpayers with no children when each spouse has individual loan amounts of $25,000 For married couples filing jointly with children, the child and dependent care credit percentage becomes constant at 20% for married couples with AGI of $43,000 or higher Both spouses with student loans, $25,000 each, total student loans $50,000, student loan interest $2,500. One spouse with student loans, $90,000 total, student loan interest $4,500 (tax deduction limited to $2,500 for MFJ). The examples used joint annual income levels ranging from $60,000 to…
Devamı ...