helpwithtaxes
Junior Member
What is the name of your state? NC
My son's status is independent and he took out a loan for school. It did not cover all his expenses, so we took out a Parent Loan. I have read on this forum that educational or medical bills paid for another, regardless of the relationship, is tax deductible. Does it matter that this is a loan and will be paid back over time. The loan is in our name. Thanks.
My son's status is independent and he took out a loan for school. It did not cover all his expenses, so we took out a Parent Loan. I have read on this forum that educational or medical bills paid for another, regardless of the relationship, is tax deductible. Does it matter that this is a loan and will be paid back over time. The loan is in our name. Thanks.