1999 Tax Help Archives  

What To Look for in 2000

This is archived information that pertains only to the 1999 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Student Loan Interest Deduction

You may be able to deduct up to $2,000 of the interest you pay on a qualified student loan.


IRA Deduction Allowed to More People Covered by Retirement Plans

You may be able to take an IRA deduction if you are covered by a retirement plan and your 2000 modified adjusted gross income is less than the amount shown below that applies to you.

  • Single, head of household, or married filing separately and you lived apart from your spouse for all of 2000--$42,000.
  • Married filing jointly or qualifying widow(er)--$62,000.

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