Harold wrote:Your "correction" was incorrect. Mine was a direct quote
dpusa wrote:Combined nondeductible IRAs: $50k
cppoly wrote:If I paid off my entire student loan in full of $50k this year, would any of that be tax deductible? Aside from the interest...
AOC is up to $2,500 per eligible student.
Up to 40% of credit may be refundable.
Available only if the student had not completed the first 4 years of postsecondary education before 2012.
Available only for 4 tax years per eligible student.
A $3 million balance in a tax-preferred account like an IRA would currently allow a saver to finance an annuity of $205,000 per year in retirement.