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 paid for my son to attend college and have a question about a tuition and fees deduction. This year, he graduated and

Can you deduct your child's college tuition if they filed their own return? Learn more from the tax experts at H&R Block.

I am filing From 1040-EZ. Why can’t I itemize my taxes?

Find out why you can itemize your taxes with advice from the tax experts at H&R Block.

I have a question about claiming my charitable donation tax deduction. Is there an itemized deduction limit for charitab

Does the size of your donation increase the size of your tax deduction? Learn more from the tax experts at H&R Block.

I have a question about deducting medical premiums. Can I deduct medical premiums associated with Medicare on my tax r

Learn if you can deduct Medicare premiums with advice from the tax experts at H&R Block.