However, apparently, if your salary is above a certain threshold, you don't qualify for education deductions and credits.
It's a first world problem, I know, but I just found out and it kind of sucked.
However, apparently, if your salary is above a certain threshold, you don't qualify for education deductions and credits.
It's a first world problem, I know, but I just found out and it kind of sucked.
Seems like a shitty situation. Before I got my degree I was making less than a third of what I make now, even though I worked more and got paid overtime. That was at a job I had worked at for five years and was likely maxed out of earning potential in that industry. I made little enough to have almost no federal tax burden. By providing loans the government has essentially turned a tax burden into a revenue generator. In just two years I am making this much more money, paying a bunch more in taxes, and my lifetime earning potential has increased significantly. But they still try to screw you from both ends, of course.