I have a student loan under my mother's name. I am making payments on this loan and she does not claim me as a dependent. Do I claim it?

posted

Connect with an expert

1 Reply

I have a student loan under my mother's name. I am making payments on this loan and she does not claim me as a dependent. Do I claim it?

No, you may not claim it, because it is in your mother's name. This, from IRS Tax Topic 456:

A qualified student loan is a loan you took out solely to pay qualified higher education expenses that were:

For you, your spouse, or a person who was your dependent when you took out the loan

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post