Personal interest is not deductible. Examples of personal interest
include interest on a loan to purchase an automobile for personal use
and credit card and installment interest incurred for personal
But you may be able to deduct interest you pay on a qualified
student loan. For details, see Publication 970,
Tax Benefits for
Limit on itemized deductions.
Certain itemized deductions (including home mortgage interest) are
limited if your adjusted gross income is more than $132,950 ($66,475
if you are married filing separately). For more information, see the
instructions for Schedule A (Form 1040).
Photographs of missing children.
The Internal Revenue Service is a proud partner with the National
Center for Missing and Exploited Children. Photographs of missing
children selected by the Center may appear in this publication on
pages that would otherwise be blank. You can help bring these children
home by looking at the photographs and calling
(1-800-843-5678) if you recognize a child.
Previous | First | Next
Publication Index | 2001 Tax Help Archives | Tax Help Archives | Home