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Level 1
March 24, 2026
Solved

Student loan interest deduction

  • March 24, 2026
  • 2 replies
  • 27 views

Can both of us (myself and my adult son) deduct the student loan interest amount on a loan that we are paying back?  He used this loan for his school and I co-signed.  We live separately and both file our taxes separately without dependents.  

Best answer by xmasbaby0

Expert Reviewed

The person who actually made the payments on the student loan is the one who can deduct the interest that was paid in 2025.   If your son made the payments, he can enter the interest from the 1098E on his tax return.   If you made the payments, you can enter the interest.

2 replies

xmasbaby0Level 15Answer
Level 15
March 24, 2026

Expert Reviewed

The person who actually made the payments on the student loan is the one who can deduct the interest that was paid in 2025.   If your son made the payments, he can enter the interest from the 1098E on his tax return.   If you made the payments, you can enter the interest.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15
March 24, 2026

Both can’t claim it. Generally the one who made the payments claims it.