I am a co-borrower on my sons student loan. I am the only person making payments, he has not made any. My name is on the loan and I am responsible for it so can I deduct the interest I have been paying. His name is on the 1098-E.
You can deduct student loan interest if:
You paid interest on a qualified student loan in tax year 2015
You are legally obligated to pay interest (ie. you are a co-signer) on a qualified student loan
Your are not filing Married Filing Separate
Your Modified Adjusted Gross Income is less than a specified amount which is set annually, and
You or your spouse, if filing jointly, cannot be claimed as dependents on someone else's return.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
