May a parent claim the student loan interest deduction if the parent borrows to pay his/her childs costs of attending college?
A6: Yes. An individual may claim the student loan interest deduction if the individual borrows money to pay the costs of attending college for certain members of the individual’s family or household (including his/her children) and incurs the debt in a year in which the individual supplies more than half of the student’s support.
Related Questions
- May a parent claim the student loan interest deduction if the parent borrows to pay his/her childs costs of attending college?
- In the legislation, what exists to make the parent who causes the child to be a CHINS to pay the costs incurred?
- In Illinois, can a divorced parent be required to pay a portion of their childs college education expenses?
