ilmscore | Prediction Details
By Finance With Sharan | June 2, 2025 | Incorrect
Interpreted Prediction
Unlimited interest paid on education loans for oneself, spouse, or children can be claimed as a tax deduction for up to 8 years.
AI Evaluation Notes
The prediction states that unlimited interest paid on education loans can be claimed as a tax deduction for up to 8 years. According to IRS guidelines and publications, the amount of student loan interest you can deduct is capped at $2,500 per year. There is no limit to the number of years for which you can claim the deduction as long as you meet the eligibility requirements each year.

Prediction Details

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