I recently graduated in May of this year with student loans. I am currently in my grace period, which ends this month. I understand that the maximum student loan deduction is $1500 this year and I am thinking about paying that entire amount in December instead of my minimum payment of around $400 in order to get the most maximum tax deduction. Is this a Foolish thing to do?This will be my last year to take the student loan deduction since my AGI in future years will be higher than the maximum allowable salary.
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