You can only claim the deduction if you're legally obligated to pay interest on the qualified student loan. Generally, this means you signed the loan documents and may be personally liable for the loan.
You must also meet all of the following requirements:
- You paid interest on a qualified student loan in tax year 2019;
- Your filing status isn't married filing separately;
- Your MAGI is less than a specified amount which is set annually; and
- You or your spouse, if filing jointly, can't be claimed as dependents on someone else's return.
For additional information, see IRS Topic No. 456 Student Loan Interest Deduction.
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