As a cosigner, you are legally obligated to pay the loan, so if you meet all the other requirements, yes, you can deduct it. You can claim the deduction if all of the following apply:
- You paid interest on a qualified student loan in tax year 2022
- You or your spouse, if filing jointly, can't be claimed as dependents on someone else's return. (You can take the deduction as a student. If you're a parent making payments on your dependent student’s loan, you can also take the deduction)
- 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
Claiming Student Loan Interest
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