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re: My tax bracket
Posted on 2/7/13 at 9:47 am to Newbomb Turk
Posted on 2/7/13 at 9:47 am to Newbomb Turk
Living with the rents for a year saving half the money I earn and paying off college loans with the other half. I'll start with 401k in a year or two when the loans are paid off
2
Posted on 2/7/13 at 10:16 am to Jma313
The new standard deduction for 2013 is $6,100?
Posted on 2/7/13 at 10:17 am to Jma313
quote:
paying off college loans with the other half
Then this is deductible also. You do not need to itemize to deduct student loan interest. Student loan interest is an above the line deduction.
You should be in the 15% bracket, but you need to take out all pre-tax and above the line deductions to get your TI.
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