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Originally Posted by disneysteve
You've gotten some great responses. I just wanted to add one suggestion nobody has mentioned yet.
Get a new tax guy!  |
Agreed. LOL.
I Was going to say sometimes we really do get caught up in money saved - you have to consider the big picture. I think all tax people do to some extent - we are trying to save you taxes - we are not financial gurus.
BUT Maybe were biased with more high-income clients but the student loan interest usually amounts to a hill of beans. There are all sorts of limitations, AND they change every year. IT is not a deduction we get excited about or one we would encourage to extend a loan. Congress could likely say tomorrow the interest is no longer deductible - it is up to chance to a big extent. So in general I have to agree. Good advice- hehe.