KarenM90
Intuit Alumni

Education

 

You can claim the deduction if all of the following apply:

  • You paid interest on a qualified student loan in the tax year 2019.
  • You can take the deduction as a parent making payments on your dependent student’s loan.
  • Your filing status isn't married filing separately.
  • Your MAGI is less than $170,000 for married filing jointly, $85,000 for single and head of household filers.

A qualified student loan is a loan you took out solely to pay qualified higher-education expenses that were:

  • For you, your spouse, or a person who was your dependent when you took out the loan.
  • For education provided during an academic period for an eligible student.
  • Paid or incurred within a reasonable period of time before or after you took out the loan

Please see this link for more details:  Can I claim my Student Loan?

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