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February 6, 2021
Question

When I was in college my parents took out two parent plus loans. I now pay those loans, but they are in my father's name. I paid all interest in 2020. Can I claim this?

  • February 6, 2021
  • 1 reply
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1 reply

Hal_Al
Employee
February 6, 2021

No.

You have to meet the rules, which are:

  1. You are legally obligated to pay it
  2. You actually pay it. 

Although you meet #2, you don't meet #1.

It would be better for your parent to pay it and deduct it, even if they pay it with money you give them.

 

There is an additional  requirement for them, you must have been their dependent, at the time the loans were used for your education.