Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Adjustments to Income

Student Loan Interest

Topic Activity

Your Next Client

Latricia's qualified expenses for her student loan interest deduction came to a total of $7,200 for the year. The same year, she received a gift of $1,000 from her aunt, and $1,000 in veterans' educational assistance.

What amount of qualified expenses should Latricia use to figure her student loan interest deduction?