Do I need to get a CPA???

quote:

---

I make above $75k so I cannot deduct student loan interest, which is fricking stupid IMO.

---

Is this really a rule?

I should clarify a cpa could maybe help suggest so ways to generate losses if you wanted to start investing in something like real estate, but I think you could educate yourself with 30 minute google though.

For example, you could invest in some rental properties, generate passive activity losses, then turn them into losses to offset regular income or cap gains when you sell the property. Of course depreciation recapture might eat up the passive losses at the end of the day.

Point is your situation doesn't seem like one that you would get much benefit from a cpa with.

quote:

---

Is there anyway to get my income, on a W-2, down to that range, allowing me to take advantage of that???

---

you are asking if you could cut your taxable income by roughly 75k so you could reduce your income further for an additional 2.5k in reduction of taxable income from student loan interest.

You do realize this is a dumb question.

No

I'm a CPA and I would think you would not need me.

Just make sure you keep track of your unreimbursed expenses, but if you have a W-2, you know it's a high threshhold to meet anyways.