The loans are in my name but my parents help pay them back, does that mean I can't deduct the interest from my tax return?Can you deduct student loan interest if your parents are paying them?
If they are in your name, you get the deduction. The loan company reports the interest in the name of the borrower. They don't care who pays. It means your parents can't claim the interest deduction.Can you deduct student loan interest if your parents are paying them?
your student loan is an adjustment to income... if your parents paid..then im guessing it wasnt an adjustment to your income :) so no, you cant write that off :)
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