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URL:  http://boards.fool.com/ltwhats-the-agi-threshold-above-which-student-21961923.aspx

Subject:  Re: Student loan interest deduction threshold Date:  1/25/2005  12:46 PM
Author:  madmikeyd Number:  75797 of 121219

<What's the AGI threshold above which student loan interest isn't deductible?>

$65000, or $130000 if filing jointly. The benefit begins to phase out, however, at $50000/$100000.

<Also, that AGI is figured from gross wages after subtracting the 401(k) contributions, right?>

This is figured through MAGI [Modified Adjusted Gross Income], and 401(k) contributions are subtracted. It becomes AGI only after any student loan interest deduction is included.

For full details on this see IRS publication 970:
http://www.irs.gov/publications/p970/ch04.html

Cheers,
madmikeyd
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