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New Member
posted Jun 3, 2019 4:46:42 PM

I have a parent's student loan on my mom's name. but, I'm the one making payments on the loan. Can I get deduction?

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1 Replies
New Member
Jun 3, 2019 4:46:44 PM

Unfortunately, you can't claim a deduction for student loan interest unless the loan is in your name or you are a cosigner.

You can claim the deduction only if you were legally obligated to pay interest on a qualified student loan. ”Legally obligated” to pay interest on a qualified student loan means  you either signed for the loan yourself, as the student; or you cosigned for the loan as a parent or other cosigner. 

See "Can I claim my student loan?" for full details:

https://ttlc.intuit.com/replies/3302319