Student loan is in my sons name but I pay the monthly fee. Is the interest deductible for me?

mossllc · ‎June 3, 2019

MichaelDC · ‎June 3, 2019

Unfortunately no, unless you co-signed the loan. To deduct student loan interest you must be legally obligated to pay interest on a qualified student loan either as signer or cosigner.

https://www.irs.gov/taxtopics/tc456.html

Please feel free to post any additional details or questions in the comment section.

View solution in original post

MichaelDC · ‎June 3, 2019

Unfortunately no, unless you co-signed the loan. To deduct student loan interest you must be legally obligated to pay interest on a qualified student loan either as signer or cosigner.

https://www.irs.gov/taxtopics/tc456.html

Please feel free to post any additional details or questions in the comment section.

Expert does your taxes

Do it yourself

Resources

Support

Student loan is in my sons name but I pay the monthly fee. Is the interest deductible for me?