Find amount of loan interest that can deduct on return, Taxation

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Find amount of loan interest that can deduct on return

Problem: Chan paid $2,646 interest on a qualified private student loan during 2021. He and his spouse, Maia, are filing Separate returns. Their modified adjusted gross income (MAGI) is $124,000. The maximum amount of student loan interest that Chan can deduct on his return is?

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Taxation: Find amount of loan interest that can deduct on return

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