Parent PLUS loan interest
Up to $2,500
Can You Write Off Parent PLUS Loan Interest?
Short answer: Yes, parents who are legally obligated on the loan can deduct up to $2,500 of interest.
The student can't deduct interest on a loan in the parent's name.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B22-00086
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Parent PLUS loan interest
Typical range: Up to $2,500
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Yes, parents who are legally obligated on the loan can deduct up to $2,500 of interest.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes, parents who are legally obligated on the loan can deduct up to $2,500 of interest. The student can't deduct interest on a loan in the parent's name.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
education
student loans