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Level 1
February 1, 2024
Question

If I have been making payments on a parent plus loan that is under my moms name, can I claim it on my taxes?

  • February 1, 2024
  • 2 replies
  • 0 views
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2 replies

DoninGA
Level 15
Level 15
February 1, 2024

If you are not a co-signer on the loan then you cannot deduct the interest payments on your tax return.

Level 15
February 1, 2024

If this is a true Parent-Plus Loan where just your mother agreed to pay, then you cannot deduct it as you are not legally obligated to pay it.

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