Can someone else pay for student loan and take interest deduction?

Bigdawgbigbear · ‎February 24, 2025

Hi,

I have a refinanced student loan that a parent is helping pay. I am not a dependent. Can my parent take the tax deduction on interest paid by them? Let me know if there are additional questions need answered. Thank you in advance!

xmasbaby0 · ‎February 24, 2025

Did your parent co-sign? Are they legally obligated to pay the loan---or just helping you out?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Opus 17 · ‎February 24, 2025

If the loan is in your name but your parents pay the interest, you deduct the interest as if your parents paid you and you paid the interest. See publication 970.

https://www.irs.gov/publications/p970#idm140647358456160