Student loan interest deduction
October 1, 2006 2:31 PM Subscribe
I recently found out that when filing my tax returns I can deduct interest paid on my student loans. My question is if I have to file my request for a deduction the same year I pay the interest, or can I wait a couple years to actually take the deduction? Here's the twister: I'm a dependent. Can I make interest payments now and deduct them from my taxes a few years down the road when I'm an independent. Does being a dependent bar me from currently taking a deduction? Thank you...I really appreciate any help.
posted by speedoavenger to work & money (11 answers total)