- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
You may be able to claim a deduction for the student loan interest you paid IF you meet all of the following conditions:
- · Your filing status is any filing status except married filing separately.
- · No one else is claiming an exemption for you on his or her tax return.
- · You are legally obligated to pay interest on a qualified student loan.
- · You paid interest on a qualified student loan.
These conditions can be found at the following link under the section “Can You Claim the Deduction?”
https://www.irs.gov/publications/p970/ch04.html#en_US_2016_publink1000178272
Usually this boils down to are you legally obligated to pay? Is your name on the loan? If it isn’t, you won’t be allowed to claim a deduction.
For further information please look at the following:
https://ttlc.intuit.com/replies/3302319
June 3, 2019
12:10 PM