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If you paid interest on a student loan for higher education expenses for yourself, your spouse or a dependent, you can claim a federal income tax deduction. This deduction is claimed as an adjustment to income and you do not have to itemize.
Determine whether you qualify for the student loan interest deduction. You must meet the following requirements:
1. Your filing status is any status except married filing separately,
2. No one else is claiming an exemption for you,
3. Your modified adjusted gross income is less than the maximum allowable amount before phase-out ($75,000 in 2009, or $150,000 if you are married filing jointly),
4. You paid interest on a qualified student loan.
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What is the meaning of post qualification REPORT?
after you are qualified you have to do a report.
What is the difference between a qualified and unqualified audit report?
Qualified report an auditor gives an option subject to certain reservation , he is said to have a qualified reportunqualified report an auditor gives an option on various matter without any qualification or reservation . it is known as unqualified report
What is the difference between an unqualified and a qualified audit report?
Qualified report an auditor gives an option subject to certain reservation , he is said to have a qualified reportunqualified report an auditor gives an option on various matter without any qualification or reservation . it is known as unqualified report
What is qualified audit report?
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
Is a progress report important for a business student?
If, by "progress report", you are referring to a class assignment, then, "yes", it is important for a business student. If the student is unclear as to why, then the student should ask his/her teacher for further information.
Student teacher narrative report intro?
A narrative report introduction from a student teacher should provide information on what the experience she was given. A student teacher should also include what she learned from her field experience in a narrative report.
How can a student make a report?
Yes, students can make a report on anything.
What is meant by qualified report Give a specimen of such report after completing the annual audit of a public Ltd co?
a
Do you have to pay taxes on your federal student loan?
No, fed student loans are not income. Unless I'm forgetting something, you get to deduct the interest paid on the loan as you're paying it off. They should send out a 1098 to report that when applicable. That's the only tax implication...
What is the difference between a qualified auditors reports and unqualified auditors reports?
A qualified auditor's report has been limited to certain aspects only. This means that other aspects of the report still have to be investigated. An unqualified auditor's report means that all aspects have been thoroughly checked. There are no discrepancies and the report is final.
How many years can student loans be garnished?
If I've properly understood what you're trying to ask... until they're paid off, however many years that takes. Student loans are rather notoriously not discharged in a bankruptcy.
How do you get a copy of your student aid report from the FAFSA?
You can access your Student Aid Report (SAR) by logging into your FAFSA account online. Once logged in, navigate to the "View or Print your Student Aid Report (SAR)" option to download a copy. You can also request a paper copy by calling the Federal Student Aid Information Center.
