2000 Tax Help Archives  

What To Look for in 2001

This is archived information that pertains only to the 2000 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Student Loan Interest Deduction

You may be able to deduct up to $2,500 of the interest you pay on a qualified student loan.


IRA Deduction Allowed to More People Covered by Retirement Plans

You may be able to take an IRA deduction if you are covered by a retirement plan and your 2001 modified adjusted gross income is less than the amount shown below that applies to you.

  • Single, head of household, or married filing separately and you lived apart from your spouse for all of 2001--$43,000.
  • Married filing jointly or qualifying widow(er)--$63,000.

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