If my student loan interest is lower than $2500 a year, I should take my sweet time since the interest will be counted as federal tax deduction, right?

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Better to pay no interest than to get a 30% discount on your interest.

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You are saving your marginal tax rate (something around 25-30%) on that $2500. You don’t save $2500.

Not paying income tax on the portion of your income that you used to pay the interest is not the same thing as not paying interest.

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Confirm that you don't exceed the income threshold though

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Thanks. currently no☺️

2500 out of how much? I usually go by interest rate, not actually dollars but interesting in hearing your side

It’s the limit on the deduction.

The income threshold are like 60k. If you m add ke more not tax deductible

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