Car student loan interest be carried forward, if so for how long?
Hey folks. Let’s say for hypothetical reasons: I have $3500 in student loan interest that I have paid for tax season 2009. The rules state I can use $2500 toward a tax deduction toward 2009 income.
That being said, would that unused portion in 2009 ($1000) be eligible to use toward a deduction in 2010 or beyond assuming my income does not exceed that of the phase out threshold?
Thanks in advance.
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