Claim parent student loan for 2023?
Terry,
I have a parent student loan for my son’s education. Can I claim the interest on my 2023 taxes? Thanks, Nick
Terry Says
Interest on a Parent Plus loan is deductible up to $2500 a year. But there are some other income restrictions, so read this:
https://www.schwab.com/learn/story/pluses-and-minuses-plus-loans
