Currently, interest deductions from student loans is (someone check me on this) ~$3K, with phasing out from $65-80K yearly salary. Would there be a reason to or not to change this in tax reform? Deducting mortgage interest and deducting student loan interest could or could not be similar? Deductions encourage home buying, would a larger deduction encourage kids to go to school (and take out more loans?). Obviously, not addressing education's problems just looking at tax reasons for and against changing student loan deductions.
Submitted September 29, 2017 at 10:15AM by THE_SEC_AND_IRS http://ift.tt/2yMo5Rv
