You can take the Student Loan Deduction if you are legally obligated to make the payments on the student loans. You don't have to have a dependent on your return to be legible to claim the student loan interest.
To qualify, the interest payments you make during the year must be on a student loan that you took out to put yourself, your dependents or spouse through school. For 2024, if you're filing as Single or Head of Household, your modified adjusted gross income, or MAGI, has to be less than $95,000, or less than $195,000 if filing Married Filing Jointly, to deduct any student loan interest.
Please review the IRS Topic # 45 Student Loan Interest Deduction and the TurboTax article What is a 1098-E: Student Loan Interest? For more information,.
Go back and review your answers on the Personal profile screen to make sure that you didn't select that you could be claimed as a dependent on someone else's tax return. This may be the issue.
- Select your name under My Info
- Select Revisit
- Scroll through the screens to ensure that you have the correct answers.
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