Question on Taxes that has nothing to do with Poker Winnings [Archive]

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LondonBroil

01-27-2005, 11:02 AM

Was gonna deduct the interest on my student loan this year which isn't much, maybe 6 or 7 hundred. Am I allowed to do that in addition to my standard deduction of $4,850 or is it basically one or the other? I have no other itemized deductions that I can think of.

If I can't use both, Ill just use the 1040EZ. If I can, then I guess I'll try to do the regular 1040 for the first time.

IndieMatty

01-27-2005, 11:03 AM

You can use both, but I don't think you can use the EZ. Use Turbo TAX for the web (and dont pay)

www.irs.gov (http://www.irs.gov)