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Taking advantage of the student loan interest deduction

Washington — In 2017 the ADA successfully advocated to ensure the dental profession benefits from the tax reform law that passed Congress. The Tax Cuts and Jobs Act was the first major rewrite of the U.S. tax code in more than 30 years and contained many changes that could affect dentists' financial planning.

With the 2019 filing deadline approaching, the ADA News will feature a series of articles focusing on how the new law will affect dentists beyond the revised standard deductions.

First up is the Student Loan Interest Deduction, commonly known as SLID. Retaining the student loan interest deduction at its current levels was an important component of the ADA's advocacy efforts in tax reform.