To cook a prime rib roast, rub the roast with a mixture of spices and herbs, then roast in the oven until the meat reaches an internal temperature of at least 135 degrees Fahrenheit. This results in a medium rare roast that is red in the center.
Is Interest on Credit Cards Tax Deductible? The IRS allows you to deduct certain expenses from your total income to arrive at taxable income, which is the portion of your earnings that is subject to tax. Some of these expenses include your payments of interest on a mortgage and for business loans.
One of the only benefits is that you can deduct interest paid on those loans. But like many of the rules in our complicated tax code, student loan interest does not apply to everyone -- or to every loan. The good news is that you can deduct interest on your student loan even if you don't itemize your deductions. This is especially helpful since many recent grads aren't likely to be homeowners who itemize their deductions. For a breakdown of student loan interest, here are some helpful tips. Who qualifies and who doesn't? You can deduct up to $2,500 of student loan interest paid in a given year. As with many tax rules, there is an income limit to this deduction. Your modified adjusted gross income cannot be more than $80,000 (or $160,000 for married couples filing jointly).