Impute Student Loan Interest Payments

[andersonfrailey]

A Tax-Calculator reached out with this request:

I am looking to model the impact of increasing education tax incentives such as the student loan interest deduction and education tax credits rather than modeling "haircuts" for these tax items. Is this possible to do with the TaxBrain calculator or can this feature be considered at some point?

An issue with this is that in the PUF student loan interest payments are capped at $2,500, as was law in 2011. So any parameter that would allow a Tax-Calculator user to increase the amount of student loan interest they can deduct in order to lower their taxes would be useless. This issue can be solved by imputing additional student loan interest payments to records in the PUF that are currently at the $2,500 limit.

More about this issue can be found here.