Paying a child's student loan interest
Up to $2,500
Can You Write Off Paying a Child's Student Loan Interest?
Short answer: Only the person legally obligated on the loan can deduct; if you pay your child's loan, the child may deduct it if not your dependent.
Co-signed loans let the parent deduct what they pay.
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.
Paying a child's student loan interest
Typical range: Up to $2,500
Individuals / Personal Taxes
Only the person legally obligated on the loan can deduct; if you pay your child's loan, the child may deduct it if not your dependent.
Business justification
Only the person legally obligated on the loan can deduct; if you pay your child's loan, the child may deduct it if not your dependent. Co-signed loans let the parent deduct what they pay.
Category
- Personal Tax Deductions