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Can Schooling Costs Deduct From Your First $100K
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Let's say I spent $100,000 in schooling.
Is the first hundred thousand that I
earn miser able or not?
Because I could only earn that hundred
thousand dollars because I spent a
hundred thousand to get that degree in
order to make myself Let's say I take a
student loan. That's not mice. You don't
take mice off a student loan. No, it's a
loan. It's not income. That's not
income. Correct. So you get a student
loan for a hundred thousand dollars and
you spend it on your business or getting
the job or To keep it simple, let's say
for a degree. So now I have to pay back
student loan debt for the first whatever
amount of years
till I pay it off. So that should come
off the top, I think. I have I've never
I haven't clarified this with the
the big rabbis. Oh. But uh I'm assuming
that could come off the top because you
can only you only were able to earn that
salary because you're Wow.
>> because of your schooling.