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February 17, 2021
Question

I am a cosigner on my childs student loan. And I help make the payments, Can I deduct the student loan interest ??

  • February 17, 2021
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February 17, 2021

Yes, because you are a co-signor you can deduct the student loan interest that you paid during the year if you otherwise qualify. 

 

Student loan interest is interest you paid during the year on a qualified student loan. It includes both required and voluntarily pre-paid interest payments.  See Topic No. 456 Student Loan Interest Deduction