As a parent I have a parent plus loan for my sons college tuition. Can my son deduct the interest on his taxes because he is making the payments on the loan
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As a parent I have a parent plus loan for my sons college tuition. Can my son deduct the interest on his taxes because he is making the payments on the loan
As a parent I have a parent plus loan for my sons college tuition. Can my son deduct the interest on his taxes because he is making the payments on the loan
It depends. If he is legally obligated to pay the loan and he is not a dependent on someone else's tax return, then he may qualify to claim the interest. Please view the TurboTax FAQ below for more information.