Which one do I calculate first: student loan deduction or IRA contribution deduction?

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For transparency, this is for a homework assignment that I am stuck on. The character in question is trying to contribute to his IRA only the exact amount that is tax deductable, has not yet actually contributed anything, but...

The student loan interest deduction worksheet wants IRA deduction information, which depends on Student Loan interest deductions, which depends on...

And it seems like I've fallen into a horrible catch 22 situation. I cannot determine which piece I actually start with because they're both pointing at each other, so to speak.

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siamlinio

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Posted: 5 years ago
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