Can Latricia report the entire amount of student loan interest paid if her MAGI is below the limit?

Latricia can report the entire amount of student loan interest paid as a deduction on her tax return if her Modified Adjusted Gross Income (MAGI) is below the specified limit set by the IRS. The deduction for student loan interest allows taxpayers to deduct up to $2,500 of interest paid on qualified student loans, provided they meet income requirements.

If her MAGI falls below the threshold, she is eligible to claim the full amount of student loan interest paid. This deduction directly reduces the taxpayer's adjusted gross income, which can lead to a lower overall taxable income.

While other scenarios may incorporate different conditions or limits, in this case, qualifying based on MAGI is the determining factor for the full deduction. Thus, if Latricia's financial situation meets the criteria, she is indeed allowed to report the entire amount of student loan interest paid.