Taxpayer has a dependent who is in college. He set up a qualified student loan in his sons name. Taxpayer (not son) has been making all interest payments for 2024. The 1099-E was issued in his sons name. Can the taxpayer deduct the interest on his tax filing?
031475
1 Best answer
MinhT1
Employee Tax Expert
Apr 7, 2025 5:12:11 AM
If the taxpayer is the borrower or the co-signor on the loan and makes the loan payments, he can deduct the student loan interest on form 1098-E.
Please read this IRS document on the student loan interest deduction.
3 Replies
MinhT1
Employee Tax Expert
Apr 7, 2025 5:12:11 AM
If the taxpayer is the borrower or the co-signor on the loan and makes the loan payments, he can deduct the student loan interest on form 1098-E.
Please read this IRS document on the student loan interest deduction.
scottirv
Level 2
Apr 7, 2025 5:44:59 AM
Thank you!
heifetzbh2022
New Member
Feb 21, 2026 10:16:11 AM
What if the student has graduated from college and now both the student and parent are making payments? Can the interest reported on the student's 1098-E be split between them?