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Dave Kriz
New Member

I made to much to claim student loan interest on my Co signed loan with my daughter. Can my non dependant daughter claim the interest I paid on the loan on her taxes?

 
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JulieR
Expert Alumni

I made to much to claim student loan interest on my Co signed loan with my daughter. Can my non dependant daughter claim the interest I paid on the loan on her taxes?

No. Your daughter cannot take the credit on her taxes for the interest you paid on the student loan.

According to the IRS, you can claim this student loan tax deduction if all of the following apply: You paid interest on a qualified student loan during the tax year for which you are filing. You are legally obligated to pay interest on a qualified student loan.

Please see IRS Tax Topic 456 for more information.  https://www.irs.gov/taxtopics/tc456

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1 Reply
JulieR
Expert Alumni

I made to much to claim student loan interest on my Co signed loan with my daughter. Can my non dependant daughter claim the interest I paid on the loan on her taxes?

No. Your daughter cannot take the credit on her taxes for the interest you paid on the student loan.

According to the IRS, you can claim this student loan tax deduction if all of the following apply: You paid interest on a qualified student loan during the tax year for which you are filing. You are legally obligated to pay interest on a qualified student loan.

Please see IRS Tax Topic 456 for more information.  https://www.irs.gov/taxtopics/tc456

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