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<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:

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