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bristoltax7&
March 7, 2024
Question

Student loan - in my son's name but I am paying on it. Can I claim it?

  • March 7, 2024
  • 2 replies
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xmasbaby0
Employee
March 7, 2024

Did you co-sign for the student loan?  Are you legally obligated to pay if your son does not pay?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Hal_Al
Hal_Al
Employee
March 7, 2024

Q. Student loan - in my son's name but I am paying on it. Can I claim the student loan interest deduction? 

A. Yes, if you are a co-signer. Otherwise, No. 

 

You can claim the interest deduction, if you meet the three requirements:

  1. You paid the interest
  2. You are legally obligated to pay it (co-signing counts)
  3. The student was your dependent, at the time the loan was used to pay for qualified educational expenses
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