HelenC12
Expert Alumni

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.

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