Instructions For Form 1040 - Draft Worksheet(S) And Tables - 2009 Page 9

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Student Loan Interest Deduction Worksheet—Line 33
Keep for Your Records
Before you begin:
Figure any write-in adjustments to be entered on the dotted line next to line 36 (see the instructions for line
36 on page 35).
Be sure you have read the Exception above to see if you can use this worksheet instead of Pub. 970 to
figure your deduction.
1. Enter the total interest you paid in 2009 on qualified student loans (see above). Do not enter more than $2,500 . . 1.
2. Enter the amount from Form 1040, line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. Enter the total of the amounts from Form 1040, lines 23 through 32, plus any write-in
adjustments you entered on the dotted line next to line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
5. Enter the amount shown below for your filing status.
}
Single, head of household, or qualifying widow(er) — $60,000
. . . . . . . . . . . 5.
Married filing jointly — $120,000
6. Is the amount on line 4 more than the amount on line 5?
Skip lines 6 and 7, enter -0- on line 8, and go to line 9.
No.
Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
Yes.
7. Divide line 6 by $15,000 ($30,000 if married filing jointly). Enter the result as a decimal (rounded to at least three
places). If the result is 1.000 or more, enter 1.000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
.
8. Multiply line 1 by line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
9. Student loan interest deduction. Subtract line 8 from line 1. Enter the result here and on
Form 1040, line 33. Do not include this amount in figuring any other deduction on your return (such as on
Schedule A, C, E, etc.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
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