Q. Can I claim the interest portion of the student loan that I paid off with the money from the personal loan?
A. You can claim the interest deduction, if you meet the three requirements, and you paid the original student loan in 2024:
- You paid the interest
- You are legally obligated to pay it (co-signing counts)
- The student was your dependent, at the time the loan was used to pay for qualified educational expenses (the TT pop up says “when you took out the loan”)
