Can I Deduct...?
Can I deduct the student loan interest reported in my child's name and S.S. number?
No. If the parents are not legally obligated to repay the loan they cannot deduct any interest the dependent pays.
Need Professional Help?
If you need help with "Can I Deduct...?" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.