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1

I would be surprised that there is a threat of a tax audit. I have done something similar, though not with student loan interest. Determining the last number requires a bit of spreadsheet-fu That isn't unusual for 1098-T and 1099-Q calculations. I have found that even Turbo-Tax has problems with the calculations, due to the fact that the school my ...


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The 2019 version of the IRS Publication 970 was just recently released, and it clarifies that you have to take the distribution from a Qualified Tuition Program (e.g. a 529 account) in the same year as the qualified education expense. What is the tax benefit of a QTP? No tax is due on a distribution from a QTP unless the amount distributed is greater ...


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529 Contributions are not tax advantaged, just the earnings. If you put $1000 in your 529 account, then immediately use it to pay your loan, you don't get any benefit. If you put $1000 in an index fund and wait a year, you could end up with (say) $1050, and that extra $50 is non-taxed. Your job's $200 yearly contribution is the real reason to do this. (Also,...


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