Who cannot claim a student loan interest deduction?

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A dependent cannot claim a student loan interest deduction because the IRS stipulates that only individuals who are not claimed as dependents on someone else's tax return are eligible to claim this deduction. This includes individuals who have taken on student loans and are paying interest on them, but if they are still classified as a dependent, any potential deduction they might qualify for would be disallowed.

In contrast, the other scenarios presented do not directly negate eligibility. For instance, someone with high income might face phase-out limits that reduce the amount of the deduction, yet they are still eligible to claim it at lower income levels. Married couples filing jointly can claim the deduction if they meet the income criteria. Finally, a borrower with a qualifying student loan certainly fulfills one of the fundamental requirements needed to claim this deduction, assuming they also meet income and filing status conditions.

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