C:\Users\ {User-ID} \AppData\Local\Microsoft\Windows\INetCache\Low\IE\ I found the 1st in folder IE when attempting to find a lost file. Realizing that IE was showing NO folders, I have started picking files in the 1 st hidden folder and doing searches on them. Most files in the hidden folders are found only there. However, some are in multiple places.
Most people calculate the true cost of their mortgage as their interest rate, less any tax savings from an interest deduction on their tax return. They may think, Well, my mortgage rate is 5%, and I'm in the 25% tax bracket, so my true rate is 3.75% (the federal government lets them write off the interest, with a 25% tax savings, so their net cost is 75% of their rate. Essentially, they think the Federal Government pays 25% of the mortgage). Well, that thinking is not entirely accurate.
The deduction for student loan interest is classified as an adjustment to income.. That means it's taken out of your taxable income before you claim most other types of deductions. And that also means you can deduct student loan interest even if you claim the standard deduction on your tax return. You do not need to itemize. Claim the deduction on Form 1040 or Form 1040A. You can't take the deduction if you file Form 1040EZ.