Student Loan Interest Deduction Needs a New Look
Talking Tax12 Mai 2022

Student Loan Interest Deduction Needs a New Look

Some or all of the interest paid on student loans can be deducted from your taxes. But despite the proliferation of these types of loans over the years, many taxpayers don't see a real benefit. That's because, unlike with home mortgage interest, the student loan interest deduction has significant limitations and has changed numerous times over the years. Bloomberg Tax columnist Kelly Phillips Erb says Congress needs to rethink how the tax code treats student loans—especially if President Biden forgives a huge swath of them, as he's discussed doing. Kelly also talks about the struggles of paying for higher education and about her family's decision whether to borrow money for her kids, even though she's still paying off her own student loans. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Episoder(436)

Corporate Tax Disclosures Let Investors Peer Into the Black Box

Corporate Tax Disclosures Let Investors Peer Into the Black Box

Investors are getting a lot more information about an area that’s been a mystery in the past: What goes into companies’ tax bills. The US, the European Union, and Australia all have new or forthcom...

15 Apr 11min

Accounting Firms Navigate Compensation as AI Tools Upend Work

Accounting Firms Navigate Compensation as AI Tools Upend Work

Artificial intelligence is putting accounting firm leaders on alert for workers well-versed in using and managing the new tools as the industry invests heavily in modernizing workflows. Firms shou...

8 Apr 16min

IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts

IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts

Time is running out to file your taxes to the IRS as the April 15 deadline approaches. But for the IRS, the work is only just beginning and it's off to a rocky start. Elon Musk's Department Gove...

1 Apr 13min

How Tax Administration Reforms Could Pass Congress This Year

How Tax Administration Reforms Could Pass Congress This Year

Lawmakers in both chambers of Congress are taking a closer look at a range of bipartisan IRS administration changes. House tax writers have advanced several pieces of legislation that would fix pro...

25 Mar 11min

Washington's Novel Millionaires Tax Inches Closer to Reality

Washington's Novel Millionaires Tax Inches Closer to Reality

States are struggling to make up for revenue gaps in the wake of federal cuts and President Donald Trump's tax-and-spending law. In Washington state, lawmakers have answered the challenge with a n...

18 Mar 10min

Tax Filing Season Is Underway: Here's How It's Going So Far

Tax Filing Season Is Underway: Here's How It's Going So Far

There are about five weeks left in tax filing season — the busiest time of year for the IRS and tax preparers. IRS CEO Frank Bisignano told lawmakers earlier this month the tax season has so far be...

11 Mar 17min

States Still Decoupling From GOP Tax Law Deep Into Filing Season

States Still Decoupling From GOP Tax Law Deep Into Filing Season

Tax-filing season is well underway, and yet many states are still figuring out whether to conform to or decouple from provisions in last year's GOP-led tax overhaul, especially the deductions and othe...

4 Mar 12min

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

The Supreme Court's decision to nix a wide swath of the Trump administration's tariffs comes with some big tax and transfer pricing questions for tax executives as companies battle to collect refunds ...

25 Feb 12min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
popradet
stopp-verden
fotballpodden-2
rss-gukild-johaug
lydartikler-fra-aftenposten
nokon-ma-ga
det-store-bildet
hanna-de-heldige
dine-penger-pengeradet
rss-ness
rss-espen-lee-usensurert
aftenbla-bla
e24-podden
rss-dannet-uten-piano
rss-penger-polser-og-politikk
frokostshowet-pa-p5