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?
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 Resources
Looking for more information about your Ohio refund? Find out details on how to check your refund status, who to contact, and more from H&R Block.
Your options for your tax filing status if your spouse dies will change depending on how long ago they passed away. For example, you can generally use married filing jointly in the year your spouse passes. Then in the next two years, you can file as a qualifying widower if you meet certain requirements.
Find out which NYS tax forms you should be aware of when filing your taxes this year, with help from H&R Block.
Learn more about money saying year-end tax tips and get tax answers at H&R Block.