Question

I would like to know more about claiming dependent student loan interest. If I claim my son as a dependent, can I deduct his qualified student loan interest on my tax return?

Answer

Dependent student loan interest can be claimed on your tax return under certain circumstances. You can claim interest on a qualified student loan you took out for your dependent as long you meet both of these:

  • The loan was in your name.
  • You paid the interest on it.

You can’t deduct qualified student loan interest payments you paid on a loan in your dependent’s name. Neither of you can deduct the loan interest if both of these are true:

  • You claim the student as a dependent.
  • You pay the student’s loan interest.
     

Related Topics

Related Resources

I lived in Indiana in 2017 but moved to Utah for a new job in 2018. My new employer gave me a salary

Learn more about how a salary advance could potentially impact your return with help from the tax experts at H&R Block.

I have a question about claiming workers comp on taxes. Do you claim workers comp on taxes as taxable income?

Learn more about claiming workers comp on your tax return from the tax experts at H&R Block.

My child paid his own tuition last year so I didn’t report Form 1098-T: Tuition Statement on my return. However, I claim

Not sure if your dependent can claim an education credit? Discover your options for filing or amending your return. Get tax answers from H&R Block.

Minimum Essential Coverage

Learn about Minimum Essential Coverage for income tax tips from our tax articles at H&R Block.