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previous page Previous Page: Publication 970 - Tax Benefits for Education - Claiming the Exclusion
next page Next Page: Publication 970 - Tax Benefits for Education - Employer-Provided Educational Assistance
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taxmap/pubs/p970-047.htm#en_us_publink100021110

Illustrated Example(p61)


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The information is the same as in the above example for Mark and Joan Washington, except they have a modified adjusted gross income of $114,450. In this example, they can exclude $1,377 (line 14 of Form 8815 shown on the next page) of interest in 2008.
They must pay tax on the remaining $1,623 interest ($3,000 total interest – $1,377 excluded interest).
taxmap/pubs/p970-047.htm#f25221v1001taxmap/pubs/p970-047.htm#en_us_publink100021111
taxmap/pubs/p970-047.htm#TXMP5109cedb
Form 8815 for Mark and Joan Washington Text DescriptionForm 8815 for Mark and Joan Washington  
previous pagePrevious Page: Publication 970 - Tax Benefits for Education - Claiming the Exclusion
next pageNext Page: Publication 970 - Tax Benefits for Education - Employer-Provided Educational Assistance
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication