How to Deduct Student Loan Interest to Save On Taxes

[@fishincognito]

Question - If I get a 1098-E in my name as parent for my child’s student loan. but I no longer claim my child as a dependent - can either one of us take the deduction on our returns?

[@first9299]

Yes assuming this is a parent plus loan that you took in your name the student loan belongs to you even though it was to fund your child's education.

[@ManaAndhra-o5y]

Wonderful info!!

[@emilyacoxpsychic]

I just got that form after I paid off a student loan debt and mine says $19,600! Can I hire an attorney to get me that full amount since there’s some kind of $2500 cap?!

[@howtomedicalvideos6597]

yes the IRS will make an exception for you if you hire an attorney

[@EMVelez]

@@howtomedicalvideos6597Lol