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What happens to my taxable income when i'm able to claim a deduction? Like student loan interest What about my tax liability?

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  • What happens to my taxable income when i'm able to claim a deduction? Like student loan interest What about my tax liability?


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When your uncle loans you $5,000 to tide you over, is it taxable income? Of course not. What about when the bank loans you $100,000? Again no.
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Positive: 72 %
Is My Income As a Student Taxable? ... The Student Loan Interest Deduction and Tuition and Fees ... If I'm a Foreign Student, Are the Tax Rules Any ...
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Positive: 69 %

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... increased interest income or a ... when my income reaches the point where I’m in ... about your tax bracket. Taxable income. ...
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Positive: 72 %
... to work out my income tax. This is what I’m ... interest are taxable income. Tax will actually ... loan as I won’t be able to pay it back ...
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Positive: 67 %
Inheriting CD can add to ... subject to federal income tax, the interest earned on an ... anything like that, or any IRA's or stock, but I'm ...
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Positive: 53 %
Frequently Asked Questions on “How can I reduce my ... tax on my worldly income such as interest from ... be able to claim a tax deduction for ...
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Positive: 30 %

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