Tell me if I am getting senile please

[erchess]

The Student Loan Interest Deduction, when it first came out, applied only to interest paid within five years after payments were first required. I remember this clearly because I was still paying on my student loans but I couldn't deduct the interest because of the elapsed time. Now I come looking for this provision in the current TTB and I can't find it so I guess things have changed. When did the change occur?

[thomtax]

I don't know about you getting senile, but I would sure like to check the facts on your tagline. Are you sure that it is only one out of three that is not sane? :-)

LT

[New York Enrolled Agent]

The Student Loan Interest Deduction, when it first came out, applied only to interest paid within five years after payments were first required. ... When did the change occur?

I believe it was the Economic Growth and Tax Relief Reconciliation Act of 2001. Removed the 60 months for loan interest paid after 12/31/2001

[Black Bart]

Nice to see you back, NYEA

Where've you been?

[Bees Knees]

I believe it was the Economic Growth and Tax Relief Reconciliation Act of 2001. Removed the 60 months for loan interest paid after 12/31/2001

That law was also the beginning of the temporary tax laws. TTB, page 1-8 says the repeal of the 60-month limit for student loan interest expires after 2010.