Daily Archives for February 22, 2012

IRS Form 1098

Returns by persons receiving mortgage interest payments are made on Form 1098, Mortgage Interest Statement Continue reading →

22. February 2012 by Bartolme CPA
Categories: 1098, Mortgage interest, Schedule A 1040 | Tags: , , | Leave a comment

Student Loan Interest Deduction

An eligible taxpayer can deduct qualified interest on a qualified student loan for an eligible student’s qualified educational expenses at an eligible institution. The amount of the deduction is limited, and it is phased out for taxpayers whose modified adjusted gross income (AGI) exceeds certain thresholds Continue reading →

22. February 2012 by Bartolme CPA
Categories: 1040, Individual Tax, Student Loan Interest | Tags: , , , | Leave a comment