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Deductions & credits
Here's my situation:
I was the student. I graduated, have my own set of student loans in my name while my parents have parent plus loans under their name. I am no longer a dependent. For scenario's sake, let's say both my parents and I paid over 2,500 in qualified student loan interest in 2019.
Can both of us claim the 2,500 student loan interest deduction?
I have seen a lot of different answers on this topic on the internet; I have struggled to find an answer specifically to this exact scenario where the student is no longer a dependent but has separate loans of their own.
March 29, 2020
4:46 PM