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Why might a student who is claimed as a dependent on another person's tax filing (e.g....

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Finance

Why might a student who is claimed as a dependent on anotherperson's tax filing (e.g. that of their spouse or their parents) beprohibited from taking the student loan interest deduction? If thestudent is permitted to take the deduction on their tax filing, whymight the deductible amount be reduced depending on the student'sModified AGI?

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A individual who is actually paying the interest and repayment amount can only claim the student loan interest deductions So if a child is not dependent on the parents tax returns then the parents cannot claim the student loan interest deductions Similarly    See Answer
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