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Reply to "Save for kids' college or pay off my own student loans?"
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[quote=Anonymous]Read about phaseouts- AKA penalties for earning money or living in high cola areas. Most are abrupt lines in the sand. Partial mortgage interest disallowance in phaseouts impacts high cola areas-high salaries over FIT legislated amounts. Comically the govt legislated a marriage penalty for low income... http://www.taxpolicycenter.org/briefing-book/how-do-phase-outs-tax-benefits-affect-taxpayers[/quote]
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