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Education
No, you can't claim the student loan interest because your daughter is not your dependent.
You can claim the deduction if all of the following apply:
- You paid interest on a qualified student loan in tax year 2020.
- You can take the deduction as a student, or as a parent making payments on your dependent student’s loan. However, you or your spouse, if filing jointly, can't be claimed as dependents on someone else's return.
- You're legally obligated to pay interest on a qualified student loan.
- Your filing status isn't married filing separately.
- Your MAGI is less than a specified amount, which is set annually.
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.
For general state-specific questions, click here to find your state’s Department of Revenue.
Related Information:
- Where do I enter student loan interest (Form 1098-E)?
- Can I deduct education expenses that were paid with student loans?
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February 1, 2021
8:23 AM